Alibaba Group Filed Trademark Lawsuit Against Dubai Firm For ‘Alibabcoin’

Alibaba Group Filed Trademark Lawsuit Against Dubai Firm For ‘Alibabcoin’

A Dubai-based firm was sued by Alibaba Group Holding Ltd for creating a confusion with the trademarks used for cryptocurrency token named ‘Allibabacoins”. According to the report, the misunderstanding leads to confusion among customers which then thinking the cryptocurrency is affiliated or endorsed by the Giant online retailer headquartered in China.

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