Alibaba responds as top brands sue for fakes

23 May 2015

Jack Ma Yun, the founder of Alibaba Group Holding Ltd., said on a visit to South Korea on May 19 that he regretted a lawsuit filed by French luxury fashion brands alleging his company turned a blind eye to counterfeit goods.

The lawsuit was filed May 15 in New York by Gucci, Yves Saint Laurent and other brands owned by France’s Kering SA. It alleges that Alibaba, the world’s biggest e-commerce

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Don Gasper