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Alibaba and Kering Jointly Protects Their IP

2017/08/23

On August 3, Alibaba Group and its affiliated enterprise Ant Financial achieved a breakthrough agreement with French Luxury Group – Kering Group on joint protection over their intellectual property. They will initiate a joint action aiming at infringers online and offline, to provide consumers a brilliant experience and reliable environment with great efforts. As part of the agreement, Kering has agreed to cancel the litigation filed to the Court in New York against Alipay – the subsidiary company of Alibaba Group and Ant Financial.



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