It is because the IP (intellectual property) protection environment in China improved that Coolpad launched the lawsuit in January this year. - Nancy Zhang, the global chief patent officer of CoolpadShe added that the latest lawsuit is not timed with Xiaomi’s upcoming IPO. As per allegations by Coolpad, Xiaomi violated the patents of the former’s multi-SIM card design and other technologies related to UI. Zhang did not disclose any figure, but her company demanded that Xiaomi pays for all expenses relevant to the infringement. Coolpad has not been enjoying itself lately, with its shares suspended since March 2017. It went through audit problems that delayed its 2016 annual report filing. The company could file this report only last month, and the 2017 report is naturally yet to be filed. As per the filed 2016 report, Coolpad suffered a loss of HK$4.38 billion, and it profited HK$2.32 billion the year before!
India Coronavirus Cases Update 105,654 Total 3,303 (3.1%) Deaths 42,298 (40.0%) Recovered
20 May 2020, 4:01 AM (GMT)