"We've been partnered with Alibaba Group since May through AliExpress. We have driven AliExpress significant revenue and distributed bitcoin rewards to our users."
It is possible that Alibaba reacted so strongly to the suggestion of the partnership after the Singles' Day marketing campaign got a little too popular, with some outlets equating it with Alibaba accepting Bitcoin.
Given the Chinese government's hostile attitude towards Bitcoin, Alibaba may have been keen to avoid such associations.
"Alibaba.com trialed our services for 24 hours and decided to deactivate the partnership without cause - breaking its contract The agency representing Alibaba.com approved a contractual agreement on behalf of Alibaba.com that included the promotion of Alibaba.com, the use of its brand, email marketing, and sharing on social media and various channels. There was no malintent on our end to misrepresent Alibaba."
Adelman continued to say that allowing Alibaba to deny the partnership would be "Misleading and defames our brand when we did nothing wrong and abided by everything we contractually agreed upon with them."
He concluded by saying that although there was "Miscommunication on Alibaba's end and while that's unfortunate, we look forward to the possibility of working with Alibaba.com again in the future."
Alibaba is not a fan of BitcoinThe Chinese retail giant has not been friendly to Bitcoin to date.
In October, Alibaba's digital payment arm Alipay reiterated its negative stance toward Bitcoin, confirming that it will be banning all transactions identified as connected to Bitcoin.
Bitcoin Rewards App Lolli Responds to Alibaba's Denial of Partnership
Published on Nov 18, 2019
by Cointele | Published on Coinage
Coinage
Mentioned in this article
Recent News
View All
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.