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Alibaba faces a challenge from Dubai's Alibabacoin over 'magic' name

Alibabacoin, which is also known as ABBC Foundation, said it has not been trying to piggyback off the Alibaba name

Reuters  |  New York 

The Dubai-based cryptocurrency firm Alibabacoin Foundation on Tuesday said Alibaba Group Holding Ltd cannot monopolize the "magical" Alibaba name, and asked a U.S. judge to dismiss the Chinese e-commerce retailer's trademark lawsuit. In a filing with the U.S. District Court in Manhattan, Alibabacoin rejected the claim that consumers would be confused into thinking Alibaba supported its alleged effort to raise money in the cryptocurrency market. Alibabacoin, which is also known as ABBC Foundation, said it has not been trying to piggyback off the Alibaba name, and ...

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First Published: Wed, April 11 2018. 08:17 IST
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