The Lolli App and Alibaba Controversy!
By Nvest Labs on ALTCOIN MAGAZINE
Lolli is a reward application that gives you Bitcoin when you shop online. Lolli claims that it had partnered with Alibaba following the Singles’ Day marketing blitz. Blockchain Training Institute reported that Lolli introduced a program where users would get 5% back in the form of Bitcoin.
Despite this, Alibaba refuses that it has any partnership with Lolli. Alex Adelman, CEO of Lolli denied this. Adelman quoted,
“We’ve been partnered with Alibaba Group since May through AliExpress. We have driven AliExpress significant revenue and distributed bitcoin rewards to our users.”
In response to this, a representative from Alibaba told that
“Lolli never had the right to claim a partnership with Alibaba.com or imply one with Alibaba Group.”
There is speculation that Alibaba reacted this extreme as there were other outlets mentioning that Alibaba would accept Bitcoins. We cannot deny the fact of how the Chinese government reacts to Bitcoin.
Lolli is highly disappointed with Alibaba’s decision.
“Lolli and the agency representing Alibaba.com mutually agreed to launch this partnership in conjunction with Singles’ Day,” Adelman quoted.
He also added,
“Alibaba.com trialed our services for 24 hours and decided to deactivate the partnership without cause. 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 is keen that this would defame Lolli even when there was no mistake at their end and they followed everything mentioned in the contract. He also told that this was unfortunate and they would wish to work with Alibaba.
