Proview Technology, which is battling Apple over the iPad trademark in China, has asked distributors to stop selling the new iPad after Apple announced its launch. The Higher People’s Court in Guangzhou heard Apple’s appeal on the trademark lawsuit on February 29 and is expected to make a decision in the coming weeks or months. Chinese media have reported that Proview is seeking up to CNY10 billion in compensation for trademark infringement. Proview has said it favors an out-of-court settlement, which usually involves the payment of compensation. Analysts have said the company needs funds to repay its creditors. Hejun Vanguard, a consulting company representing Proview creditors, said in a statement that the iPad trademark on the mainland belonged to them. Proview’s main creditors are Bank of China (BOC), China Minsheng Banking, China Development Bank (CDB), China Guangfa Bank, Bank of Communications (BoCom), Shanghai Pudong Development Bank (SPDB), Hua Xia Bank and Shenzhen Pingan Bank. Experts say the chances are slim that Proview Shenzhen will be able to block the import and export of iPads and that it is unlikely the company will be able to meet all the requirements for filing a successful petition.