Business Secret

EV maker WM Motor ordered to pay rival Geely 7 million Yuan over trade secrets infringement

Chinese electric vehicle maker WM Motor was hit with 7 million Yuan ($1 million) in compensation for misappropriating trade secrets involving several of rival Geely’s proprietary car parts drawings, according to news on Dec 27.

XPeng responded to former apple employee’s plead to charges of stealing trade secrets

On August 23, XPeng Motors responded to a former Apple employee who pleaded guilty to trade secret theft charges. The company said that the case has been going on for more than four years, XPeng did not know the details.

Chinese companies seek IP insurance for safe global expansion

China’s Jiangsu province-based Wuxi Little Swan Co., Ltd. (小天鹅电器有限公司), a wholly-owned subsidiary of electrical appliance manufacturer Midea Group, on May 10 bought an insurance policy provided by China’s largest non-life insurer PICC Property and Casualty Company Ltd. (PICC P&C) to cover losses

Dutch shipbuilder Royal IHC wins trade secret case against ex-employee

China’s No. 3 Intermediate People’s Court of Tianjin Municipality in March ruled in favor of IHC Dredging Technology (Tianjin) Co., Ltd. (艾曲西疏浚技术装备(天津)有限公司), Royal IHC’s Chinese unit, in an action brought by it against its ex-employee Zhao for misappropriating its trade secrets.

China launches national pilot scheme of innovative trade secret protection

​China’s State Administration for Market Regulation (SAMR) on March 7 announced a national pilot scheme of innovative trade secret protection on its official website.