Watchdata vs Hengbao
Watchdata System Company Ldt., a manufacturer of USB keys used as electronic authentication devices in financial services, filed a lawsuit against Hengbao Company Ltd., a manufacturer of USB keys as well, in February 2015. Hengbao was charged with developing and selling many USB key products to "scores of banks across China" while infringing Watchdata’s single patent on data encryption technologies. Hengbao claimed that the questioned products and physic identification method in online bank transfers were not protected by Watchdata's patent.
On December 8, 2016, the Beijing IP...