Coolpad issued a statement: decided to proactively terminate a series of patent lawsuits with Xiaomi

Jiwei.com reported on November 10 that today, Coolpad’s official Weibo account released a statement, deciding to proactively terminate the series of patent lawsuits with Xiaomi and withdraw the ongoing related cases from now on.

As for why it decided to withdraw the lawsuit, Coolpad officials said that faced with profound and complex changes in the domestic and international environment, breaking through technological bottlenecks and promoting better and faster development of the industry is currently the top priority for technology companies including Coolpad and Xiaomi.

In early 2018, Coolpad Group Co., Ltd. initiated a series of patent infringement lawsuits against Xiaomi Corporation. As of now, some cases are still being heard in court.

The following is the full statement:

Coolpad Group Co., Ltd.'s statement on voluntarily terminating a series of patent infringement lawsuits with Xiaomi

In early 2018, Coolpad Group Co., Ltd. (hereinafter referred to as "Coolpad") initiated a series of patent infringement lawsuits against Xiaomi. As of now, some cases are still under trial in court. In 2020, we deeply feel that the country's development is still in an important strategic opportunity period. Facing the profound and complex changes in the domestic and international environment, breaking through technological bottlenecks and promoting better and faster development of the industry are the top priorities of technology companies including Coolpad and Xiaomi. Coolpad has decided to take the initiative to terminate the series of patent lawsuits with Xiaomi and withdraw the ongoing related cases.

As a technology-driven high-tech innovation enterprise, Coolpad has filed more than 10,000 domestic and foreign patent applications in the 27 years since its establishment. It has pioneered many innovative technologies such as "dual SIM dual standby" and is well aware of the importance of technology research and development for corporate development and industry revitalization. In the future, Coolpad will continue to increase its research and exploration of cutting-edge technologies and application scenarios, enhance its own strength and contribute more positive forces to the development of the industry.

Coolpad is willing to carry out various forms of technical exchanges and cooperation with outstanding companies inside and outside the industry. On the basis of respecting technological innovation and intellectual property rights, we will jointly promote the implementation of the "technological self-reliance" strategy and work together to create a comprehensive and prosperous industry prospect.

                        Coolpad Group Co., Ltd.

                        November 10, 2020