3Q大戰反壟斷終審判決中相關市場界定與市場支配地位認定的相關問題

Relevant Issues to the Deifnition of “Relevant Market” and Establishment of Market Dominance in the Final Judgment for Qihoo 360 v. Tencent

最高人民法院在奇虎訴騰訊濫用市場支配地位糾紛終審判決中對相關市場界定、市場支配地位認定及二者的關係問題進行了精辟的論述。我們將從該案二審親歷者的角度出發，結合國內外相關判例，對該判決中關於相關市場界定中的責任分配、假定壟斷者測試在相關市場界定中的地位、替代性分析應遵循的多數且重要原則，以及從動態競爭的角度正確看待市場份額在市場支配地位認定中的作用、市場支配地位認定的綜合分析方法等進行詳細的解讀和必要的歸納。最高人民法院的前述審理思路和認定結論無疑將對後續的反壟斷訴訟、行政調查及企業的合規必然產生深遠的影響。

In the ifnal judgment for the appellate case Qihoo 360 v. Tencent, the Supreme Court of China delivered insightful explanation over the core issues, among other things, the deifnition of “relevant market”, the establishment of dominant market position as well as the relationship between the two factors. From the perspective of frontline witnesses and in comparison with corresponsive cases in other jurisdictions, we have explored and summarized a number of critical points in this case, such as the onus of proof and the position of Hypothetical Monopolist Test (HMT, also known as“SSNIP”) in deifning “relevant market”, the “principle of majority and signiifcance”in interchangeability analysis, as well as for purpose of determining market dominant position, the indicative value of market share in a dynamic competition context and the comprehensive analytical approach. Both the reasoning and conclusion adopted by the Supreme Court of China would certainly have profound impact upon subsequent anti-monopoly litigations, administrative investigations as well as corporate compliance programs.