BTC Rewards App Lolli Responds to Alibaba’s Denial of Partnership
November 18, 2019
BTC Rewards App Lolli Responds to Alibaba’s Denial of Partnership
November 18, 2019

Lolli, the Bitcoin (BTC) rewards shopping app responds to Alibaba’s denial of partnership between the two companies.

The CEO of Lolli, Alex Adelman invalidated Alibaba’s denial of partnership with Lolli while claiming that Lolli did partner with Alibaba Group. He added:

“We’ve been partnered with Alibaba Group since May through AliExpress. We have driven AliExpress significant revenue and distributed bitcoin rewards to our users.”

Denial of Partnership

Reportedly, Lolli introduced an affiliate partnership with Alibaba that would enable shoppers to earn 5% back in Bitcoin on Singles’ Day.

Alibaba, however, denied having any partnership with Lolli while saying:

“Never had the right to claim a partnership with or imply one with Alibaba Group.”

Lolli’s Stance

Adelman said that Alibaba’s denial of the partnership was unfair to Lolli while continuing that “Lolli and the agency representing mutually agreed to launch this partnership in conjunction with Singles’ Day,” He added:

“ trialed our services for 24 hours and decided to deactivate the partnership without cause — breaking its contract […] The agency representing approved a contractual agreement on behalf of that included the promotion of, 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 claims Alibaba’s denial of 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 again in the future.”

Alibaba Not Into Bitcoin

Alibaba has not been favorable to Bitcoin to date. In October, Alibaba’s digital payment arm Alipay confirmed that it will be banning all transactions connected to Bitcoin. Alipay added:

ALSO READ :  The US Department Of Transportation Releases Blockchain-Powered Drones

“If any transactions are identified as being related to bitcoin or other virtual currencies, @Alipay immediately stops the relevant payment services.”

Source: Cointelegraph | Image: Shutterstock


Crypto News Point a news platform of Digital Notice Media Labs is primarily a regular publication of information, commentary and articles focused extensively on fintech, blockchain technology, cryptocurrency, blockchain-based tokens, cryptocurrency market trends, and trading strategies. We do not provide individually tailored investment advice and does not take a subscriber’s or anyone’s circumstances into consideration when discussing investments, nor is Crypto News Point registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any digital assets.

Affiliate Disclosure: To help support the work we do here at CNP, we often link to products and deals from around the web. Should you buy some of these, we may get a portion of the sale.

We in generally gather content from the major websites. In every article there is always a clear link and attribution to the source publication. If you have any issue with any of our published content taken from your site, kindly let us know so that we can take appropriate action. In any case, the content of the pages of this website is for your general information and use only. It is subject to change without notice.

You May Also like

Jafrin Ahmed

Crypto newbie passionate about creating resourceful content on blockchain technology, cryptocurrencies and decentralized apps.