On June 18, China released the "Annual Report on China's Anti-Monopoly Enforcement (2023)". The report shows that in 2023, 27 cases involving monopoly agreements and abuse of market dominance were penalized, with total fines and confiscations of 2.163 billion yuan.
Courts nationwide in China handled 319 cases involving punitive damages, a 117% increase year-on-year, said Ding Guangyu, Deputy Director of the Third Civil Division of the Supreme People's Court, at a regular press conference held on May 28.
According to news on December 29, the Beijing High People's Court has made a first-instance judgment on the JD.com vs. Alibaba case. Alibaba was ordered to pay 1 billion Yuan to JD.com for abusing its dominant market position to implement its "alternative" monopoly policy.
Optical lens module manufacturer Largan Precision has filed a lawsuit in the IP and Commercial Court in China’s Taiwan Province against its rival Genius Electronic Optical (GSEO), claiming GSEO of infringing its invention patents.
China has seen increasing foreign enterprises satisfaction rate with its IP protection, said Shen Changyu, Head of China National Intellectual Property Administration, at a press conference held on November 18.
