Alibaba (BABA, Tech30) took issue with the government review, saying the process was marred by misconduct and has “inflicted irreparable and serious damage to Taobao and Chinese online businesses.” The company will file a complaint to the SAIC.
Fake goods were a concern for investors as Alibaba’s market debut drew closer last year. Leading up to its IPO, the company signed a handful of anti-piracy agreements with luxury brands and industry groups. The company also launched a policy for some of its platforms that bans sellers after “three strikes.”
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