yes indeed because in America Amazon don't sell fake goods. Taobao site of Alibaba continously sells fake goods. Brand name companies has been complaining ang Alibaba seem to be ignoring them all.
always buy low then let it creep up then it up 20% SELL IT BIG TIME. It will always come down again.
sooner BABA will loss the integrity and trust of investors. Price will come down.
BEIJING—An escalating dispute between Alibaba Group Holding Ltd. and a U.S. apparel trade group over counterfeits underscores the Chinese e-commerce giant’s battle against criticism it doesn’t do enough to fight fakes sold on its platforms.
The American Apparel & Footwear Association on Monday urged the U.S. government to once again label Alibaba’s online bazaar, Taobao, a “notorious” market for counterfeit goods. Alibaba said it works hard to get rid of counterfeits.
The dispute marks the latest challenge to Alibaba as it also wrangles with the impact of slowing economic growth in China and increasing competition in the online-shopping sector. Such woes, as well as broader concerns from investors about Chinese stocks, have sent the company’s shares plunging to below its initial public offering price of $68 a share, although it has recovered some ground in recent days.
Alibaba has long had to contend with complaints from brand owners about counterfeit goods ranging from luxury brands to sportswear sold on its Taobao platform, a marketplace that serves millions of sellers, many of them individuals.
The U.S. Trade Representative had previously put Taobao on its list of problematic markets for pirated goods. Including Taobao in the list served to shame Alibaba rather than impose any actual penalties on the company; it also came as China sought to prove it was doing more to protect intellectual property. In 2012, the U.S. agency removed Taobao from the list, citing Alibaba’s efforts to address complaints by brand owners.
Without the fake goods Alibaba will never report a profit.
You must not trust your investment to a communist. A communist Chinese knows only to scam and sell fake products.
so it comes down until investors sell shares so Chinese government can buy back shares.
Rule of thumb ... avoid Chinese stocks.
Chinese Alibaba allowed FAKE goods to fool consumers so why will you trust scammers. JACK MA is gone, took all your money! Guess who ordered Alibaba to go into cloud business ... it's the Chinese government so Chinese government can spy on American businesses but it won't work. !!! Very ambitious.
Jack Ma has taken out the funds and invested in another company outside of Alibaba. Money is gone.
Investors shying away from investing in China. Money has gone out.
Are they taken out of the company books ? Some audit needs to be done.
Have they resolved this? Chinese suppliers are known worldwide to sell fake goods.
Funds of Alibaba where funneled businesses destined to fail. Chinese govt dictate to BABA to engage in cloud business to spy on American businesses but Americans would not trust a Chinese cloud company. Buy American stocks.
the dumpers will just dump it. Chinese money manipulating BABA. Be ready to sell before the big gamblers sell.