[Reuters] Alibaba pledges to combat fake goods on its shopping portals

Posted by: UGN Security

[Reuters] Alibaba pledges to combat fake goods on its shopping portals - 04/23/13 11:21 AM

HANGZHOU (Reuters) - Alibaba Group Holding Ltd, China's largest e-commerce platform, said it will commit "as many resources necessary" to stop the sale of pirated goods on its Taobao shopping portals, where transactions exceeded $161.7 billion last year.