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Monday, May 18, 2015

Alibaba gets sued for fakes...again - May. 17, 2015

Alibaba is getting sued again by Kering, a luxury brands group that includes Gucci and Yves Saint Laurent, over counterfeits on its popular e-commerce platforms.



The lawsuit, filed last week in New York, alleges that Alibaba (BABA, Tech30) and its related companies "knowingly encourage, assist, and profit from the sale of counterfeits on their online platforms...[and] make it possible for an army of counterfeiters to sell their illegal wares throughout the world," according to a copy of the filing.



Alibaba gets sued for fakes...again - May. 17, 2015

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