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Alibaba ordered to pay JD.com $141 million by Chinese court for dominance abuse

( December 29, 2023, 09:57 GMT | Official Statement) -- MLex Summary: Chinese e-commerce operator JD.com today said local rival Alibaba has been ordered by a Beijing court to pay the company 1 billion yuan ($141 million) in compensation for abusing a dominant position. The Beijing High People's Court made the first-instance ruling today, in which it determined that Alibaba had engaged in forced exclusivity in breach of the country's antitrust law, JD.com said in a statement posted on its official WeChat account. The lawsuit targeting the conduct, which is also known as "choose one out of two" in China, was initiated in 2017, the statement said.The statement follows....

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