Alibaba Resolves Conflict With China Regulator, Ma Says

Feb. 2 — Alibaba Group Holding Ltd. resolved its problems with China’s State Administration of Industry and Commerce over the alleged sale of counterfeit goods “at the first stage,” billionaire founder Jack Ma said during a speech in Hong Kong today. The SAIC’s actions weren’t supported by “certain government officials,” Ma said, without elaborating. Alibaba has 2,000 full-time employees to help monitor counterfeits and has helped send 400 people to prison for violations, he said. (Video courtesy of APTN.)

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