On the eve of the New Year holiday, a statement regarding the first instance victory of JD v. Alibaba's "two choice one" case has attracted attention from all parties.
On December 29th, JD.com Blackboard reported that the Beijing Higher People's Court made a first instance judgment on the case of JD.com v. Zhejiang Tmall Network Co., Ltd., Zhejiang Tmall Technology Co., Ltd., and Alibaba Group Holdings Co., Ltd., determining that their abuse of market dominance and implementation of a "two choice one" monopoly behavior were established, causing serious damage to JD.com, and ordered compensation of 1 billion yuan to JD.com.
Alibaba responded to the Securities Times reporter regarding the "one out of two" case result announced by JD.com this afternoon, stating that it has been informed of this news and we respect the court's ruling.
In addition, JD's statement also stated that this judgment is not only a fair ruling by JD against the "two choice" monopoly behavior, but also a landmark moment in maintaining a fair competition order in the market with the rule of law. It will also be a significant contribution to China's anti monopoly legal process.
In the statement, JD.com stated that fair competition is the core of a market economy, and monopolistic behaviors such as "one out of two" not only restrict market competition, damage the legitimate rights and interests of brands, businesses, and consumers, but also weaken the innovation and vitality of market development. From the lawsuit initiated by JD.com in 2017 to resist the "one out of two" monopoly, to the breaking of the industry's hidden rules of "super anchor price monopoly" in 2023, JD.com has always been seeking development for brands and businesses, and competing for low prices for consumers. This judgment has greatly inspired JD's business belief in adhering to the right path of success, and we will devote ourselves with greater confidence to supporting the high-quality development of the real economy.