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Internet giants' brawl ends with Qihoo 360's loss

China's Supreme People's Court (SPC)rejected an appeal by Qihoo 360 in its monopoly lawsuit against Tencent on Thursday, ending a three-year legal battle between the two Chinese Internet giants.

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Web giants supreme court battle

Two of China's biggest internet giants have begun their legal battle at the country's Supreme People's Court. The web companies, Qihoo 360 and Tencent, have been involved in a feud over monopolies and unfair practice. The case is China's first anti-monopoly lawsuit in the online market since China's anti-monopoly law took effect in 2008. Experts believe the final verdict could set a future benchmark for other anti-monopoly cases.