Luxury Brands Sue Alibaba in US for Counterfeit Issue
It's being reported a number of luxury brand designers are suing Alibaba in United States for knowingly allowing the sale of fake goods on its website.
The lawsuit is reportedly being filed in Manhattan federal court by Gucci, Yves Saint Laurent and a number of other companies.
Alibaba is being accused of offering "marketplace advertising and other essential services" for counterfeiters.
Alibaba has denied the accusations, saying it has helped numerous brands protect their intellectual property.
The company has been criticized for allowing the sales of fake items on its platforms.
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