Copy link
Increase text size
Decrease text size
Link copied

Shopping giant Alibaba denies partnership with bitcoin rewards app Lolli

Source: www.alibabagroup.com

Mon, 18 Nov 2019, 05:10 am UTC

Following recent reports of bitcoin rewards app Lolli striking a partnership with Alibaba, the shopping behemoth has denied the alliance with the startup.

Speaking to CoinDesk, an Alibaba spokesperson clarified that Lolli basically had a partnership with a subcontractor of an Alibaba contractor, not Alibaba itself.

“One of Alibaba.com’s contractors hired a subcontractor who brokered an affiliate marketing program with Lolli. This was done without the knowledge of Alibaba.com,” he explained. “Alibaba.com’s contractor is terminating the relationship with the subcontractor who was working with Lolli. As a result, Lolli should no longer promote or bring traffic to Alibaba.com.”

The spokesperson went on to say that Lolli did not have the right to “claim a partnership with Alibaba.com or imply one with Alibaba Group.”

In its press release detailing the alliance, Lolli had said that its users would be able to earn 5 percent bitcoin back when shopping on Alibaba.com.

Responding to Alibaba’s denial, Lolli CEO Alex Adelman said, “There has to be an integration for us to send sales to someone’s site.”

Miscommunication?

Furthermore, CoinDesk said that contractual agreements suggested that Lolli was allowed to use “Alibaba related keywords” in online materials.

Lolli’s head of communications Aubrey Strobel also said that Alibaba.com itself trialed Lolli’s services for one day during the Singles Day campaign. However, after online reports attracted public interest, Alibaba allegedly withdrew from the partnership.

It is worth mentioning here that Lolli has been processing bitcoin rewards for Ali Express shoppers since May this year.

“It seems as though there was a 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,” Strobel said in a statement. “In the interim, Alibaba Group’s AliExpress is still live on Lolli.”

As such, it is quite difficult to decipher what went wrong and where. While Lolli perceived this to be an expansion of its relationship with its existing client, for Alibaba it was a private and “transactional” deal between third parties and not its official partnership with Lolli.

The spokesperson even said that Alibaba Group does not have direct contact between Lolli, despite the processing of AliExpress rewards. He went on to say that Alibaba Group does not work with any bitcoin-related companies.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Moses
  • 2020.04.29 18:08:18
I am a cryptocurrency trader and i make over 200% daily, If you are interested,i can teach you how to trade and also help you achieve your goal in life with crypto i can turn
$4500 into $35000 in less then four weeks,now that bitcoin has low prices...please note that cryptocurrency trading is bitcoin unlike binary and Forex,bitcoin is traded for altcoins also you can reach to me if you are new to bitcoin and to give you more info and guideline on how to invest smartly, this is opportunity life time knocking on your door ???? inbox me for more info....contact me on WhatsApp +1(206)-742-5358 thank you to you all and God bless you .......
  • 0
  • ·
  • 0
More
  • Bitcoin (BTC) $9,216.83 (+0.12%)
  • Ethereum (ETH) $239.12 (-0.22%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $228.28 (-0.78%)
  • Cardano (ADA) $0.130400 (+4.40%)
  • Bitcoin (BTC) $9,216.83 (+0.12%)
Feb 21, 2020 (Friday)
12:01
Paxos launches blockchain-based securities settlement solution with Credit Suisse and Instinet
12:00
Brazil to launch new payment system in response to cryptocurrencies
11:59
Digital currency exchange Coinbase Pro lists Kyber Network token
11:57
Norwegian Air to soon start accepting crypto payments
10:21
Swedish central bank begins CBDC pilot with Accenture
09:51
Italian soccer team Juventus launches ethereum-based digital collectibles with Sorare
Feb 20, 2020 (Thursday)
14:16
Telecom companies complete cross-carrier mobile payments using blockchain
11:53
National Stock Exchange of Australia to develop DLT-based digital securities trading platform
11:00
South Korean ICO project discontinued, to return $7.5M to token holders
10:36
Samsung maintains crypto support in soon-to-launch Galaxy S20
09:41
BIS appoints Innovation Hub heads to lead Singapore and Switzerland
09:15
Coinbase becomes first crypto company to receive Visa principal membership
08:59
Dubai Economy and six banks launch KYC Blockchain Consortium
08:26
Crypto Technicals: ETH/USD under downside pressure after 'Bearish Engulfing' pattern
07:12
Tim Draper buys $1M worth of Aragon Tokens to create digital courts for DAOs
06:13
Renewable energy firm Acciona commits to take CBI’s blockchain-based carbon credits trading platform global
05:02
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
04:56
Crypto exchange Coinfloor to launch a simplified bitcoin buying service
04:35
Indonesia’s customs department joins IBM- Maersk blockchain shipping platform “TradeLens”
Feb 19, 2020 (Wednesday)
12:46
Crypto custodian BitGo acquires digital securities startup Harbor
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft