Alibaba's Jack Ma suggested that counterfeit products manufactured in China are often of a better quality than the originals, says Bloomberg. A provocation following its denial to join the anti-counterfeiting coalition?
Alibaba Group on Wednesday became the first e-commerce retailer to join the International AntiCounterfeiting Coalition, the largest non-profit organization dedicated to combating product counterfeiting and piracy.
Chinese e-commerce giant Alibaba is expected to surpass the US multinational firm Walmart soon as the world's largest retail platform with its total trading volume this fiscal year set to exceed $463 billion.
Chinese Internet users spent billions of dollars in the planet's biggest online shopping splurge Wednesday, as "Singles Day" hit new heights, despite slowing growth in the world's second-largest economy.