Li Lin-controlled X-Spot sues Huobi Global for trademark infringement

ChainCatcher news, according to reports from Wu, X-Spot Limited, controlled by Li Lin, has filed a trademark infringement lawsuit against Huobi Global Limited today in the High Court of the Hong Kong Special Administrative Region. The lawsuit claims that X-Spot Limited has always retained exclusive rights to the "Huobi" trademark, and Huobi has been using the trademark without authorization from X-Spot.

It is reported that when the original shareholders transferred their shares of Huobi Global to About Capital Management, they explicitly agreed to retain exclusive rights to the "Huobi" trademark and ensured that these rights would not be transferred to the buyer or Huobi. The equity transfer and asset delivery agreement between the parties clearly stipulates that the buyer is prohibited from using the "Huobi" trademark and brand. (source link)