Qihoo Lawsuit Against Tencent Rejected by SPC
The appeal by Qihoo 360 in its monopoly lawsuit against Shenzhen based Tencent was rejected by the Supreme People’s Court which ended the three year legal battle between the two internet giants. The Supreme Court said in an earlier ruling that stated that Tencent did not create a monopoly and Qihoo 360 appeal was rejected in the final judgment of the Supreme Court.
Qihoo 360 was also asked to pay Tencent 790,000 yuan in legal fees based in the first court decision that have given by the Guangdong Provincial Higher People’s Court in March of last year. The court stated that the current evidence is insufficient in proving Tencent’s dominance in the market. Although admittedly that the company holds around 80 percent of the market share in the mobile instant messaging service and PC based markets.
Tencent has 1 billion registered users for their QQ app, their most popular online chatting serice in China, and Qihoo 360 is leading provider in the antivirus software that has over 300 million clients. The legal battle between the two companies started in October 2011 when Qihoo 360 filed suit against Tencent for hindering market competition and is abusing their market position and was also asking Tencent for a 150 million yuan in compensation. Their first trial lasted for a year and ended in a ruling that favored Tencent.