Summary E-commerce giant Alibaba has pledged to do more to stop sales of counterfeit goods
BEIJING: (AP) - E-commerce giant Alibaba has pledged to do more to stop sales of counterfeit goods following a public dispute with a Chinese regulator that accused it of failing to protect consumers.
Alibaba founder Jack Ma and the director of China s State Administration of Industry and Commerce met Friday and agreed to jointly combat online sales of fake goods, the agency said.
A report Wednesday by the agency accused Alibaba of allowing sales of counterfeits on its Taobao e-commerce platforms.
Alibaba said it was not to blame. But the value of its U.S.-traded shares fell, putting pressure on Alibaba to end the dispute.
