The owner of fashion brands Gucci and Yves Saint Laurent has accused Alibaba Group in a lawsuit of profiting from sales of counterfeit goods despite the Chinese e-commerce giant's pledge to combat the trade in fakes.
Alibaba said it believes the complaint has 'no basis' and said the company will fight it
Alibaba, founded in 1999 by Jack Ma, a former English teacher, is one of China's oldest internet sites. Click to read more.
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