Latest Counterfeit Allegations Halt Alibaba's Growth (Again)
A luxury brands group is suing Alibaba again, claiming the Chinese e-commerce giant failed to enforce anti-counterfeit regulations on its sites.By Matt Patston | May 18, 2015
Alibaba's counterfeit problem has resurfaced yet again.
Kering SA, the group that owns European brands such as Gucci and Puma, filed a lawsuit Friday against the Chinese e-commerce giant.
Kering accuses Alibaba of floundering on promises to clean up the company's counterfeit problem, which allegedly allows customers to use Alibaba's search engine to find faux Gucci bags for about $5, among other items.