Alibaba Group Holding Ltd (NYSE:BABA) might just have landed itself in another serious problem, adding to the issue of counterfeit goods it's already tackling. The US Trade Representative (USTR) released a report yesterday, stating that the existence of counterfeit and piracy on Alibabas online platform was a major cause of concern for the US. The report refers to revelations made by Chinas State Administration for Industry and Commerce over the sale of fake goods on Alibabas Taobao platform.
Alibaba Group Holding Ltd (NYSE:BABA) might just have landed itself in another serious problem, adding to the issue of counterfeit goods it's already tackling. The US Trade Representative (USTR) released a report yesterday, stating that the existence of counterfeit and piracy on Alibabas online platform was a major cause of concern for the US. The report refers to revelations made by Chinas State Administration for Industry and Commerce over the sale of fake goods on Alibabas Taobao platform.
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