Alibaba sued the Dubai-based Alibaba Coin Foundation last week, raising more than $3.5 million by issuing Alibaba coins, allegedly infringing its trademark rights.
A few hours after Alibaba filed the lawsuit, U.S. District Judge Kimba Wood issued a temporary restraining order, asking Alibaba Coin Foundation to explain why it should not be prohibited from further engaging in the alleged infringement before April 1 1.
The team of lawyers of Alibaba Coin Foundation responded on Sunday that the company had no intention of infringing Alibaba's intellectual property rights, and pointed out that it was unreasonable for Alibaba to ask the company to close its business or change its name. "The company name is not imitated by China enterprises, but taken from famous legends in the Middle East."
According to the foundation, the name Alibaba comes from the famous fairy tale Alibaba and the Forty Thieves in the Middle East.