JD.com awarded $141M in monopoly case against Alibaba

JD.com (JD) announced on its WeChat page that Beijing Higher People’s Court issued a judgment in the “choose one” case of JD.com versus and Alibaba Group (BABA), finding that Alibaba it abused its market dominance. The monopoly behavior of “choosing one of the two” was established, causing serious damage to JD.com, and it was ordered to compensate JD.com 1B yuan, which equates to $141M, JD.com said in the statement.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See Insiders’ Hot Stocks on TipRanks >>

Read More on JD:

Disclaimer & DisclosureReport an Issue