Alibaba said it would use data collected from cloud computing and customers to intensify the effort
On Monday, Alibaba founder Jack Ma met with Zhi Shuping, chief of the Chinese quality watchdog General Administration of Quality Supervision, Inspection and Quarantine (GAQSIQ). Ma pledged to fight counterfeit goods as another Chinese regulator has accused the company of failing to prevent the sales of fake goods on its platforms.
Alibaba to step up fight against fakes
Ma told Zhi Shuping that Alibaba would work with the government to track down and remove fake goods from its Taobao and Tmall sites, reports Lulu Yilun Chen of Bloomberg. Alibaba said it would use data collected from cloud computing and customers to intensify the effort. Jack Ma’s meeting with the GAQSIQ head comes less than a month after the State Administration for Industry and Commerce (SAIC) issued a scathing report on Alibaba’s business practices.
Bonhoeffer Fund's performance update for the month ended July 31, 2022. Q2 2022 hedge fund letters, conferences and more The Bonhoeffer Fund returned 3.5% net of fees in July, for a year-to-date return of -15.8%. Bonhoeffer Fund, LP, is a value-oriented private