Alibaba’s Request To Stop Alibabacoin From Using Identical Name Is Denied By U.S Judge
A court in the United States has ruled, earlier this week, against the Chinese e-commerce titan Alibaba’s request for a lawsuit against the Dubai-based Alibabacoin Foundation (ABBC Foundation) for copyright infringement, seeing as they took the company’s name, Forbes Middle East reported yesterday, May 1.
In early April, Alibaba filed a lawsuit against the ABBC Foundation for copyright infringement, alleging that Alibabacoin took part in “prominent, repeated, and intentionally misleading” behavior while using the company’s name. The initial lawsuit was followed by a temporary restraining order against Alibabacoin that was denied by Judge J. Paul Oetken’s ruling, but Alibaba is allowed to keep pursuing its lawsuit in spite of the judge’s ruling against them, according to Forbes Middle East.
A description found on Google made by Alibabacoin says:
- “Alibabacoin Foundation the is best Cryptocurrency company with success predicted & amazing whitepaper. This digital currency has secure Facial Recognition.”
ABBC says they will keep their name, further stating that the inspiration for such comes from the Middle Eastern character “Ali Baba” from One Thousand and One Nights. In accordance with an email from the ABBC Foundation to Forbes Middle East, the word Alibaba is “free of use in its legitimate business activities”:
- “[The lawsuit] is either a reasonable or proportionate response to our client’s entirely legitimate use of an inherently generic word which emanates not from China, but indeed from the very region in respect of which your client would seek to prohibit its use.”
Alibaba’s designate spokesperson told Forbes Middle East in an email that “Alibaba Group is not affiliated with the ABBC Foundation”:
- “The court’s ruling on April 30 was with respect to jurisdiction. We will be submitting a new motion and are confident we will be able to put an end to this willful, concerted and unlawful scheme by the ABBC Foundation to exploit Alibaba Group trademarks.”
Rumors that Alibaba might be entering the crypto market were denied earlier this year in January. The company stated:
- “We reiterate that Alibaba Cloud has never issued a Bitcoin-like virtual currency, and it will not host any [cryptocurrency] mining platforms.”