Back in January, Coolpad’s lawsuit against Xiaomi for patent infringement had become the talk of the town and Coolpad’s CEO had approached the issue saying, it was just to bring attention to intellectual property rights of the company.
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Well, the case isn’t dead as the CEO had said and Coolpad’s subsidiary Yulong Computer Technology has reportedly filed a case at the Shenzhen Court. The company has published some details regarding the case to make some things clear to the public. The details reveal that Coolpad had informed Xiaomi back in January but Xiaomi persisted the production of the devices that violated the intellectual property.
To resolve this issue, Coolpad had to take its case to the public court of Shenzhen. The company is also demanding a ban on devices like Redmi Note 5, Mi 6, MI Mix, MI Max 2 and MI 5X to name a few. Coolpad wants Xiaomi to pay compensation for the losses it due to the violation of the properties.
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Coolpad seems to have waited for the appropriate time as the case has come to light just before the Xiaomi’s planned IPO which might see the company raising as much as $10 billion. This will leave Xiaomi no choice but to settle the case as fast as possible to avoid any negative image that the case might build for the company before IPO. We have to see where the case takes the two companies in the future.