Alibaba pledges to combat fake goods on its shopping portals

By Melanie Lee 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. The company said its incoming chief executive would join a task force to combat piracy on its platforms. Alibaba has been clamping down on the sale of fake goods, but users of Alibaba's Taobao Marketplace, which is similar to Amazon.com's marketplace, can still find knockoff Chanel bags or Vera Wang dresses. ...

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