China’s Alibaba Sues Dubai-Based Alibabacoin for Trademark Infringement

By Deb Olson

A Dubai firm, Alababacoin Foundation et al, has been sued by China’s largest e-commerce company, Alababa Group Holding Ltd. Using the Alibaba trademarked name in conjunction with a cryptocurrency “Alibabacoin,” the founders of the Alibabacoin set out to raise over $3.5M through their ICO, banking (quite literally) on confusion created using the reputation the retail

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Source: www.cryptocoinsnews.com