War of words doesn't help fight fake goods
China Daily | Updated: 2015-01-30 07:54
Bad publicity hurts.
The New York Stock Exchange listed e-commerce giant Alibaba lost $11 billion in market value on Wednesday as it stepped into a high-profile war of words with the national market regulator over alleged sales of substandard and fake commodities on its online shopping platform, taobao.com.
No wonder the country's No 1 e-commerce giant appears beside itself, and poised for a fight with the State Administration for Industry and Commerce.
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