JD.COM declared a price monopoly in Li Jiaqi. How to define "price monopoly"? What penalties will be imposed on businesses and individuals suspected of monopoly?

For businesses and individuals suspected of price monopoly, according to the provisions of the Anti-monopoly Law of the People's Republic of China, they may face various penalties. The following are some common punishment methods:

1. Fine: Enterprises or individuals suspected of price monopoly may be fined. According to the provisions of the Anti-Monopoly Law, the amount of fines can reach more than 10% and less than 30% of the sales in the relevant market.

2. Cancel the monopoly agreement: If it is found that there is price monopoly behavior in the business or individual, the relevant monopoly agreement may be declared invalid and no longer have legal effect.

3. Revocation of business license: If an enterprise or individual is judged to have serious price monopoly, the relevant business license may be revoked and it is prohibited to continue to engage in related business.

4. Listing supervision: Sometimes, the regulatory authorities will supervise the listing of enterprises suspected of price monopoly, requiring them to publicly disclose relevant information and accept supervision and inspection by the regulatory authorities.

5. Criminal punishment: In some cases, if price monopoly involves criminal acts, such as organizing, leading or participating in criminal gangs that monopolize prices, the individuals concerned may face criminal punishment, such as detention and fixed-term imprisonment.

It should be noted that the specific penalties will vary according to the specific circumstances of the case and the provisions of relevant laws and regulations. At the same time, the regulatory authorities will also consider the situation of self-examination and self-correction and active cooperation of enterprises, and may give some leniency to enterprises that take the initiative to expose illegal acts and take remedial measures.