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JD.com Wins Antimonopoly Suit Against Alibaba
Alibaba Group was found to have abused market dominance and engaged in monopolistic practices, JD said, citing a court filing
Chinese e-commerce giant JD.com said it won a lawsuit against rival Alibaba Group Holding, which was fined 1 billion yuan ($140.7 million) over monopolistic practices.
Zhejiang Tmall Network, Zhejiang Tmall Technology and Alibaba Group were found to have abused market dominance and engaged in monopolistic practices, causing severe damages to JD.com, it said in a statement Friday, citing a Beijing court ruling.
The practice known as "choosing one between the two" forces...