Reuters confirms a Chinese paper's report that Proview has lost its case against Apple
A hail-Mary legal play to ban the sale of iPads in Shanghai -- a city of 23 million with three Apple stores -- has failed, according to a Reuters report that crossed the wires early Thursday morning.
On Wednesday, Apple (AAPL) and Shenzhen Proview traded blows in a Shanghai courtroom, Apple arguing that it bought the iPad trademark fair and square from Proview International Holdings in 2009 for $55,000. Shenzhen Proview claimed that Apple's paperwork was sloppy and that it failed to secure the rights in mainland China.
Late Wednesday, the Associated Press reported that the case had been suspending pending Apple's appeal of a provincial Chinese court's ruling in Proview's favor.
But a local newspaper, the Xinmin Evening News, said that the Shanghai court had actually rejected Proview's case, and on Thursday morning, citing "a source with direct knowledge of the ruling," Reuters confirmed it.
[UPDATE: A report in the Wall Street Journal suggests that the AP and Reuters were both correct. According to the Journal, the Shanghai court rejected Proview's demand for an injunction that would have temporarily halted iPad sales, but it also also agreed to postpone proceedings until the provincial court rules on Apple's appeal.]
Proview filed for bankruptcy in 2010 and the case against Apple was being managed by Hejun Vanguard Group, a consulting company representing Proview's creditors. Those creditors, The Next Web Asia reports, include the Bank of China and Minsheng Bank.
It's not clear whether the $2 billion suit Hejun planned to bring against Apple in the U.S. will proceed.
In a fractious four-hour hearing, both sides were admonished by the judge
The world's most valuable company and a troubled Chinese electronics manufacturer that's about to be delisted from the Hong Kong stock exchange unless it can come up with some cash squared off in a Shanghai courtroom Wednesday.
At stake: the trademark for Apple's (AAPL) iPad, the most successful new electronics gadget since, well, the iPhone.
Apple claims it bought worldwide rights MOREPhilip Elmer-DeWitt - Feb 22, 2012 6:32 AM ET
Retail fail: SWAT teams move in after fights break out among rival gangs of scalpers
There may be no graceful way to launch an iPhone in a country of 1.3 billion that has caught what one analyst calls "Apple fever."
In a frightening parody of the snaking queues that greet the launch of new Apple (AAPL) products in the U.S., thousands of would-be customers massed outside the company's stores in Beijing and MOREPhilip Elmer-DeWitt - Jan 13, 2012 5:23 AM ET
Massive crowds gather at Apple's five stores in the world's largest mobile phone market
UPDATED with amazing photos from Beijing by Feng Li via the Mercury News.
- - -
Penn Olson's Steven Millward reports from Shanghai that crowds several city blocks long have formed outside Apple's (AAPL) stores in Beijing and Shanghai hours before the scheduled release of the iPhone 4S Friday morning.
Although China Unicom (CHU) will begin selling the device for MOREPhilip Elmer-DeWitt - Jan 12, 2012 11:43 AM ET
It may actually reach its goal of opening 30 new stores in the last quarter of fiscal 2011
This will be a big weekend for Apple (AAPL) retail, with seven grand openings scheduled on four continents over two days. The new stores, according to ifoAppleStore:
IFC Mall (Hong Kong)
Nanjing East (Shanghai)
Westfield Hornsby (Australia)
Centro Sicilia (Italy)
New Haven (Conn.)
Le Chesnay (France)
Videos of huge crowds and over-excited staffers have already started to pop up on YouTube, including the first one MOREPhilip Elmer-DeWitt - Sep 23, 2011 7:25 AM ET
By the time doors opened at Beijing's flagship store, the queue was 1,000 customers long
Remember all those iPad 2s purchased in the U.S. for re-sale in China's gray market? Their sell-by date arrived early Friday, when Apple authorized sales of the iPad 2 began at the company's four Chinese retail outlets and the China Apple Store online.
As a crowd estimated by a security guard at roughly 1,000 lined up outside MOREPhilip Elmer-DeWitt - May 6, 2011 11:43 AM ET
With its second -- and largest by far -- store in China, Apple sends a message to the market
Apple (AAPL) made its first foray into retail sales in China just before the 2008 Olympic games with a standard-size Apple Store set in a newly constructed Beijing retail development called the Village at Sanlitun.
Its second Chinese Apple Store, which opened Saturday amid the luxury shops in Shanghai's gleaming financial district, is MOREPhilip Elmer-DeWitt - Jul 10, 2010 7:59 AM ET
|Economy is improving but why doesn't it feel that way?|
|Where should you put your money now?|
|Someone bought a $100,000 Tesla with Bitcoins|
|2 million Facebook, Gmail and Twitter passwords stolen in massive hack|
|Ron Paul: Bitcoin could 'destroy the dollar'|