Molly Tea (MOLY) Ordered to Pay $1.5M for Trademark Infringement

Molly Tea has been ordered by a court in Jiangsu province to pay 10.3 million yuan ($1.5 million) in damages for trademark infringement related to Louis Vuitton's logo. The ruling requires the tea chain to cease using the logo and issue a public apology. The case has sparked significant online discussion with over 400 million views on related hashtags. Previously, several trademark applications from Molly Tea were rejected by the China National Intellectual Property Administration, aside from the one containing the Chinese characters for 'Molly Tea.'