Apple
Apple has paid $60m (£38.2m) to settle a dispute in China over ownership of the iPad name, a court there announced on Monday, removing a key obstacle to sales of its tablet computer in the enormous Chinese market. Apple’s long-running dispute with Shenzhen Proview Technology, which had claimed to own the name, highlighted the possible pitfalls for global companies in China’s young trademark system. But it also posed a challenge for the communist government, which wants to attract technology investors to develop China’s economy. Apple said it bought the global rights to the “iPad” name from Proview in 2009, but Chinese authorities said the rights in China were never transferred. Read the full story at The Guardian.
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