JD.com wins antimonopoly lawsuit against Alibaba
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BEIJING, Dec 29 (Reuters) - Chinese online retailer JD.com said on Friday that it won a lawsuit against rival Alibaba, which was slapped with a 1 billion yuan ($140.68 million) fine over monopolistic practices.
Zhejiang Tmall Network Co, Zhejiang Tmall Technology Co and Alibaba Group Holding Limited were found to have abused market dominance and adopted monopolistic practices known as "choosing one from two", causing severe damages to JD.com, according to a JD.com statement, citing a ruling by a court in Beijing. ($1 = 7.1083 Chinese yuan renminbi) (Reporting by Beijing newsroom; Editing by Alex Richardson)
