A PYMNTS Company

China: Supreme Court hears its first Internet antitrust case

 |  November 28, 2013

Proceedings began Tuesday in Beijing for the the first Internet antitrust case to head to the Supreme Court since China enacted its Anti-Monopoly Law in 2008.

The case argues Internet conglomerate Tencent Inc abused its dominant position; the lawsuit was filed by top antivirus software company, Qihoo 360 Technology Co.

The case began proceedings on Tuesday in China’s Supreme People’s Court following an earlier ruling by the Guangdong High people’s Court that found Tenecnet did not violate antimonopoly law. On appeal, Qihoo argued that the first trial was unfair and that the Supreme People’s Court must reject the earlier ruling, made last March.

Qihoo claims that Tencent owned nearly 90 percent of the domestic instant messing service sector and argues it has lost $135 million because Tencent abused its dominance. Tencent, however, claims Qihoo does not have the evidence to support the claims.

Full Content: China Daily

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.