A display panel and a fabricating method thereof are provided, and the display panel (100) comprises: a first substrate (11); a second substrate (12), arranged parallel to the first substrate; an anode/cathode (41), formed on the first substrate; a cathode/anode (42), formed on the second substrate; a first alignment layer (31), provided on the anode/cathode and comprising a plurality of first sub-alignment layers (311) having a first alignment direction and a plurality of second sub-alignment layers (312) having a second alignment direction alternately arranged in a first direction, and a angle between the first alignment direction and the second alignment direction being 90 degrees; a second alignment layer (32), provided on the cathode/anode and comprising a plurality of third sub-alignment layers (323) having the first alignment direction and a plurality of fourth sub-alignment layers (324) having the second alignment direction alternately arranged in the first direction, and the first sub-alignment layers corresponding to the third sub-alignment layers in a position, and the second sub-alignment layers corresponding to the fourth sub-alignment layers in a position; and a light emitting layer (40), provided between the first alignment layer and the second alignment layer, which comprises a liquid crystal polymer doped with organic light emitting material and is configured to emit a polarized light.