JD Wins 1 Billion Yuan in Damages in Anti-Monopoly Case Against Alibaba
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A Beijing court awarded JD.com Inc. 1 billion yuan ($141 million) in damages in a years-long anti-monopoly case against e-commerce rival Alibaba Group Holding Ltd.
The Beijing High People’s Court found Alibaba’s Tmall platform to have abused its market dominance by demanding sellers work with a single platform, JD.com said in a Friday statement on its official WeChat account. The Beijing-based firm initiated the lawsuit in 2017 to challenge Alibaba’s exclusivity requirement.