1 thought on “Why did Alibaba sue the Dubai company?”

  1. On the 3rd, Beijing time said that Alibaba Group filed a lawsuit against the US court on Monday, accusing a company in Dubai using a cryptocurrency called "Alibaba Coin" to raise more than $ 3.5 million to violate its trademark rights.
    In the indictment submitted to the Federal District Court of Manhattan, Alibaba said that the "Alibaba Coin Foundation" () "Outstanding, Repeated and Misacted" by the headquarters in Dubai is used to allow consumers to allow consumers to make consumers It is mistaken for the "Alibaba Coin" to be related to the Chinese e -commerce giant.
    This lawsuit requires the defendant to stop further infringement and compensate, punitive and three times damage compensation for violating US federal laws and local laws in New York.
    In a few hours after Alibaba's lawsuit, Kimba Wood, Judge of the United States District Court, issued a temporary restriction order, requiring the "Alibaba Coin Foundation" to explain why it before April 11th. It should not be prohibited from further engaging in the allegations of infringement.
    Alibaba also stated in the indictment that although it repeatedly stated that "unintentional entry into the cryptocurrency field," but the roles played in the "Alibaba Coin" issued Coin Foundation "No measures are taken to eliminate or correct this confusion."

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