Alibaba Group Holding Limited (NYSE: BABA) is a Chinese e-commerce company that provides consumer-to-consumer, business-to-consumer and business-to-business sales services via web portals.
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The company has been fined 500,000 yuan ($81,000) for matters related to Singles' Day pricing by third-party sellers on our Tmall marketplace in 2013 and 2014 and 300,000 yuan($48,000) for pricing in other promotions in 2013 and 2015.
– Alibaba Group
Found on Reuters2 years ago
From Alibaba Group's perspective, we bear a serious responsibility in this fight against counterfeits.
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"Alibaba Group Quotes." Quotes.net. STANDS4 LLC, 2017. Web. 21 Nov. 2017. <http://www.quotes.net/authors/Alibaba+Group>.
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