Court rules in favor of Tencent in monopoly case

The Guangdong High People's Court on Thursday ruled in favor of defendant Tencent Holdings in a high-profile online monopoly case.

Tencent — China's largest instant messaging service provider — was accused of abusing its dominant market position by Qihoo 360, an anti-virus software company.

The case was first heard in April 2012.

Qihoo 360 asked Tencent to pay a compensation valued at 150 million yuan and publicly apologize for having misused its dominant market position.

Zhang Xuejiun, the presiding judge of case, said the defendant did not break any laws and turned down all the charges from the plaintiff.

We recommend:
China's financial might takes shape	Top 10 Chinese cities with highest urbanization quality	Chinese investment in Africa: Digging deeper
Top 10 innovative cities in Asia-Pacific	Nation may limit gold to 2% of foreign reserves	Lu Zhaoxi named Alibaba's new CEO