Jack Ma and China regulators Meet to Discuss Issue of Fake Goods Sold Through Alibaba’s Platforms
Reportedly, on Friday, Jack Ma the founder and head Alibaba Group met the commerce regulator of China for a discussion over the issue of combating sales of fake products through the company's platforms. Both sides adopted a conciliatory tone during the discussion after a tussle over the issue of illegal business being carried on over the platforms of the Internet company.
Earlier, the State Administration for Industry and Commerce (SAIC), had issued a "white paper", which is often used to convey positions of official policy, saying that several of the products that are sold on the websites of Alibaba infringed on trademarks or were fake, banned or substandard. However, later the report, which said that the company did do enough to stop the counterfeiting on its platforms, was backtracked.
The follow-up statement that was posted on Friday, in the regulator's website said that the report was not actually a white paper and had no legal power.
In a statement, Alibaba said, "The most recent SAIC posting speaks for itself. We feel vindicated."
According to a news paper report, during the meeting on Friday with the SAIC, Jack Ma promised to "actively cooperate with the government (and) devote more capital" for stopping the fake goods transactions.
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