Alibaba Counterfeiters

Counterfeit items are a low quality knock-off of the original. Or are they? According to Jack Ma, Alibaba Group Holding Ltd (NYSE: BABA)'s founder and chairman, counterfeit goods made in China are of superior quality. Bloomberg quoted the executive as saying during an investor conference on Tuesday...

Chinese e-commerce giant Alibaba Group Holding Ltd (NYSE: BABA) has been widely criticized for the amount of counterfeit goods sold on its site. According to Reuters, Alibaba now has a controversial new plan to alleviate counterfeiting, but critics are skeptical. The Plan Counterfeit...