The ruling only applies to the use of the trademark in Hong Kong until a final decision is issued at trial.
X-Spot Global Limited, a company owned by Huobi Global exchange (now HTX) co-founder Leon Li, has won an injunction against Huobi Global for the latter to cease its use of the Chinese-equivalent “Huobi” trademark in Hong Kong.
According to a recent decision with the Hong Kong High Court, the HTX exchange will be barred from using the trademark name Huobi (火幣) and the Chinese business name “火必,” which is “confusingly similar” to the English trademark in Hong Kong, pending a final trial on the matter. Presiding judge Mimmie Chan J wrote:
Court documents reveal that the Huobi trademark was registered in 2019 in Hong Kong. In September 2022, Huobi Global was sold by co-founders Leon Li and Du Jun to About Capital management, an entity linked to Chinese blockchain personality Justin Sun.
