Alibaba 'Vindicated' After Counterfeiting Accusations

Only two days after a Chinese government regulator chastised the Alibaba Group, the e-commerce giant, for failing to curb the sale of fake goods on its sites, the two appear to have made up in a hurry. The regulator, the State Administration for Industry and Commerce, said that its leader, Zhang Mao, had met with Alibaba’s executive chairman, Jack Ma, to discuss cooperating to fight counterfeiting and protect consumers.