Alibaba has won the dismissal of a U.S. lawsuit accusing the e-commerce company of defrauding shareholders by concealing a regulator's warning about its ability to suppress counterfeiting on its websites.
Alibaba's Jack Ma suggested that counterfeit products manufactured in China are often of a better quality than the originals, says Bloomberg. A provocation following its denial to join the anti-counterfeiting coalition?
Alibaba said on Thursday it still wanted to work with companies fighting counterfeit brand-name products, a week after the Chinese online shopping platform was kicked out of an international anti-counterfeit coalition.
Alibaba Group Holding Ltd's chief Jack Ma has canceled a planned speech at an anti-counterfeiting conference in the US after the trade group behind it suspended the e-commerce giant's recently gained membership.
China's Alibaba Group Holding Ltd on Thursday said it has signed a deal for a $3 billion five-year loan, which will help the e-commerce giant as it snaps up stakes in companies within China and overseas.
Chinese Internet users spent billions of dollars in the planet's biggest online shopping splurge Wednesday, as "Singles Day" hit new heights, despite slowing growth in the world's second-largest economy.