Alibaba Group Holding has reportedly filed a trademark lawsuit against Dubai-based firm ‘Alibabacoin,’ arguing that it caused confusion by using its trademarked name to raise more than $3.5 million in cryptocurrency.
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Alibaba has no monopoly over “magic” name, says Dubai crypto firm
The Dubai-based cryptocurrency firm Alibabacoin Foundation said Alibaba Group Holding cannot monopolise the “magical” Alibaba name, and asked a US judge to dismiss the Chinese e-commerce retailer’s trademark lawsuit. 0 1737