Settlement Discussions Have Taken Place Between Alibaba Group and Alibabacoin (ABBC Foundation)

Too Long; Didn't Read

As the one-year mark of Alibaba Group Holding Ltd’s crusade to stop ABBC Foundation from using Alibaba in its name approaches, it appears on the surface that the two are making significant progress in ending the legal battle. The past year has been a rollercoaster ride of U.S. District Judges overturning rulings and temporary injunctions. You don’t often see a startup that’s raised $3.5mil take on one of the largest conglemarates in the world toe-to-toe — especially in arguably one of the most respected courts in the world: the New York Southern District Court, where they do not play around.