Bloomberg prosecution called for legitimate competition

Absrtact: Recently, Bloomberg Limited Partnership Company (BLOOMBERGL.P. ) (hereinafter referred to as Bloomberg) sues The Big Wisdom (601519,SH) unfair competition dispute case in Shanghai one Chinese courtyard court. Bloomberg believes that the great wisdom of financial investors in financial information services products whether in the software style

Recently, the Bloomberg Limited Partnership (BLOOMBERGL.P). ) (hereinafter referred to as Bloomberg) sues The Big Wisdom (601519,SH) unfair competition dispute case in Shanghai one Chinese courtyard court. The Financial Information service products of "big smart financial investors", whether in software style or hardware terminals, are closely similar to "Bloomberg Professional services" and constitute unfair competition, Bloomberg said. The court will make a decision on the matter on the day, due to the refusal of the great wisdom to mediate.

Bloomberg prosecution called for legitimate competition

"Bloomberg is a reputable global leading financial information service provider, and our Bloomberg Professional TM service is increasingly being used by China's fast-growing financial markets," Bloomberg said in an interview with the Daily economic news. In such a market that encourages fair competition in China, we hope to cooperate with all parties to carry out our business in a reasonable and lawful manner. ”

Bloomberg believes that the big wisdom in the way of hitchhiking, using Bloomberg's popularity in China and international financial markets to seek unfair competition. Therefore, legal prosecution is expected to ensure that great wisdom and Bloomberg are competing through their respective service advantages, rather than by confusing the manufacturing market.

To this end, Bloomberg proposed a decree of great wisdom to stop the infringement, in China's state-level newspapers apology, compensation for all the losses amounted to 6.6 million yuan and 5 litigation requests.

It legal person Zhao occupation thinks, "Now it seems to be difficult to define the condition that ' special decoration ' is not specific to Bloomberg's goods, or it is the key of the case." ”

Intense competition in the information market

The daily economic news reporter learned that the big wisdom core business is content information, in addition to news media, brokerage reports, but also the content of Reuters and Bloomberg. However, it is not known whether the use of information is fully purchased and whether it is authorized to publish it.

Public data show that 2011, the global financial information services industry revenue of 25 billion U.S. dollars, Bloomberg 30.4% market share ahead of Thomson Reuters, ranked first in the world. The great wisdom of the annual report shows that 2011 annual operating income of 570 million yuan, the first quarter of this year, great wisdom loss of 16.55 million yuan. Why would Bloomberg choose the wisdom of "financial investors" in China to axe the world's most obscure end product?

Some insiders believe that the Bloomberg suddenly "Jian refers to" the Chinese public well-known "great wisdom" is Bloomberg and its rivals wisdom launched a business war, the Chinese financial information services market to occupy a place.

"At the moment, the wisdom of providing financial information services is the first in the domestic industry and may be more of a concern to Bloomberg," the industry said, "and great wisdom is also taking the international strategy, which may have touched Bloomberg's nerves." ”

Zhangchanghong, Chairman of the Great Wisdom, said in an interview with the media that after the development of great wisdom, on the one hand, it is based on the transaction as the core to meet the market, especially the institutional investors need the transaction information of the comprehensive service system, on the other hand, to customize into the core of the financial information