Alibaba, Ant Financial invest $1.25 billion in China online food-delivery firm Ele.me

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Go back to Alibaba, Ant Financial invest $1.25 billion in China online food-delivery firm Ele.me

Alibaba (BABA) Joins International AntiCounterfeiting Coalition

April 13, 2016 7:02 AM EDT

Alibaba Group (NYSE: BABA) announced its official membership in the International AntiCounterfeiting Coalition (IACC) as the first e-commerce company to join the worlds largest non-profit organization dedicated to combating product counterfeiting and piracy.

Preserving the integrity of Alibabas marketplaces is a top priority. Counterfeiting is a global, industry-wide issue, and effective collaboration with brands, retailers, trade associations, governments and other industry partners is a key component to our overall success, said Matthew Bassiur, Vice President and Head of Global IP Enforcement at Alibaba Group. IACC membership will further enhance our earnest efforts to forge... More