Around mid-2016, Ant Financial and a Taiwanese third-party payment platform "Oufubao" entered into a lawsuit over trademark infringement. Ant Financial claimed that "Oufubao"'s payment product "Oufubao" and the former's The product "Alipay" trademark is too similar. The matter finally came to a resolution on April 25, 2017. Oufubao stated that the two parties had reached a settlement, and Oufubao would switch to "O'Pay Oufubao" to distinguish it from Alibaba's "Alipay Alipay".
According to information from Ant Financial, Alipay’s trademark was registered in 2012, before Oufubao, and has become a well-known third-party payment trademark in Taiwan. From the beginning of this lawsuit, the two parties were fighting to the death, and the loser would directly face the result of withdrawing the bid.
Even though Oppay is a native Taiwanese company, its market share in Taiwan is far inferior to Alipay. However, rather than withdrawing the bid, Opuba and Ant Financial both believed in subsequent negotiations that both parties should be humble to each other and leave the other party a space. Oufubao said that after Alibaba Group Holding Company, Zhejiang Ant Small and Micro Financial Services Group Co., Ltd. and Oufubao Electronic Payment Co., Ltd., the three parties had multiple consultations and careful consideration, and in order to achieve the goal of mutual benefit and win-win, for Oufubao’s ownership and Alibaba The company and Ant Financial reached a settlement in the dispute arising from the Alipay trademark, owned by Ant Financial.
Oufubao pointed out that after the lawsuit, it learned that the dispute between Alibaba and Ant Financial was not over the "Fubao" trademark, but about the allpay and overall design of the two trademarks owned by the company and the Alipay Alipay trademark. constitute an approximation. O’Pay solemnly apologizes to Alibaba and Ant Financial for the previous misunderstanding caused by the media statement, and will revoke the related trademark rights of allpay as soon as possible and switch to O’Pay to distinguish and avoid confusion.
As an aside, Oufubao’s background is not clean. In July 2016, an insider trading scandal was reported at the online game company Maowei Oh My God. The person in charge, Lin Yihong, was accused of knowing that in August 2012, he learned that the company’s online game agency contract was stalled. , through the headcount and its own early sales of 63 million yuan in shares. Lin Yihong was interviewed, and the entire case was investigated in the direction of violating the Securities and Exchange Law.
Ga Digital Technology Co., Ltd. relied on its Korean game business as an agent. After-tax net earnings per share (EPS) reached a peak of 5.17 yuan, and it once became the king of game stocks. It was just after the peak that they launched the protagonist of the "Europe Support Project", the electronic payment business "Oufubao", with Lin Yihong as the chairman.
Finally, let’s get back to the topic: Although Oufubao lost, it didn’t lose too badly. However, the China-Europe project has come to an end, and at least Ant Financial’s Taiwan trip can continue