10th November 2020, Coolpad released an official statement through its Weibo account, a Chinese microblogging website, saying that it would actively be withdrawing its series of patent infringement lawsuits against Xiaomi.
For those unaware, Coolpad had filed for a series of patent infringement lawsuits against Xiaomi back in 2018. The company’s CEO had alleged that Xiaomi had infringed on over 200 of its patents and sought to ban the latter from selling any device, which infringed on its patents as well. The former had filed a lawsuit and took Xiaomi to court, which lasted till this date.
According to Coolpad’s official statement, “We deeply feel that the country’s development is still in a period of important strategic opportunities, and the domestic and international environment is undergoing profound and complex changes. Breaking through technological bottlenecks and promoting the industry’s better and faster development is the top priority for industry Coolpad and Xiaomi.”
Thus, the company has decided to voluntarily terminate all patent infringement lawsuit against Xiaomi and cancel any related cases as well. Coolpad also added that it would carry out “various forms of technical exchanges and cooperation with excellent companies inside and outside the industry.” Furthermore, it would respect technological innovation and intellectual property rights, following the principle of “technological self-reliance and self-reliance.”