Alibaba promises more action against fake goods

January 31, 2015 01:27

E-commerce giant Alibaba pledged Friday to do more to fight online sales of counterfeit goods, quickly settling a public dispute with a Chinese regulator after the value of its US-traded shares plunged.

Alibaba founder Jack Ma and the director of the Cabinet's State Administration of Industry and Commerce met and pledged to cooperate more closely to combat sales of fakes, the agency said in a statement.

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