(Image source: Photo.com)
This afternoon, JD.com issued a statement on the victory of the first instance of the JD.com v. Alibaba "choose one" case. The statement pointed out that the Beijing High People's Court made a first-instance judgment in the case of JD.com v. Zhejiang Tmall Network Co., Ltd., Zhejiang Tmall Technology Co., Ltd., and Alibaba Group Holding Co., Ltd., finding that its monopolistic behavior of abusing its dominant market position to carry out "either-or" was established, causing serious damage to JD.com, and ordered JD.com to compensate 1 billion yuan. JD.com expressed its gratitude to the court for its fair judgment, and thanked all sectors of society for their support for JD.com to protect its own rights and interests and pursue fairness and justice.
JD.com said that from the lawsuit launched in 2017 to resist the monopoly of "one of two choices", to the unspoken rules of the industry that broke the "super anchor price monopoly" in 2023, JD.com has always sought development for brands and merchants and fought for low prices for consumers. This judgment has greatly encouraged JD.com's business belief in always sticking to the right path and succeeding.
The latest news, Jingdong v. Ali won the first instance of the "two choices" case, Alibaba responded in an interview: We have learned the news, and we respect the court's verdict.
In recent years, Alibaba's operating performance has slowed down significantly. In the third quarter of 2023, Pinduoduo's operating income growth rate was as high as 93.89%, while Alibaba's was only 8.5%. On November 30, Alibaba's market capitalization was about $190.7 billion, surpassed by Pinduoduo, giving up the throne of China's largest e-commerce market capitalization. On November 29, Jack Ma made a rare internal statement, saying that Alibaba "will change" and "will change". On the afternoon of December 25, Taobao issued the "Notice on Changing the Dispute Handling Rules of Taobao Platform", which made the rule basis for quick refund or return refund, which officially took effect on December 26.
This series of events shows that China's e-commerce industry is highly competitive, and major platforms are constantly adjusting their strategies to adapt to market changes.
From the perspective of Alibaba's development history, the company mainly focuses on the field of e-commerce. Since the launch of the trading platform 1688.com in 1999, Alibaba has made significant progress in the field of global e-commerce, forming an e-commerce system with Taobao and Tmall as the core, and becoming a leading enterprise in the field of domestic e-commerce. In addition to the e-commerce field, Alibaba also launched the Alipay business in the field of mobile payment, which later developed into one of the giants in the field of third-party mobile payment in China.
Judging from the data, in the 2019-2021 fiscal year, Alibaba's total e-commerce revenue has been on the rise year by year, of which China's retail business accounts for more than 76% of the year, which is its main source of revenue. According to Alibaba's annual report, the main source of revenue for the company's retail business in China is the revenue of its Taobao and Tmall platforms.
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