Taikang Life v. Online Lending Platform for Unfair Competition

2017/04/12

Taikang Life Insurance Co., Ltd. (Taikang) found that Jun’anxin (Beijing) Technology Co., Ltd. (Jun’anxin) released relevant information about Taikang’s company name and a number of branches information on its Internet loan platform website, which caused an unfair competition. Taikang required Jun’anxin compensating for its economic losses of 500,000 Yuan. The People’s Court of Haidian District of Beijing issued a verdict of the unfair competition dispute that Jun’anxin constituted an act of unfair competition, and needs to compensate 100,000 Yuan.