Ker­ing drops suit against Alibaba

New Straits Times - - Business -

French lux­ury goods group Ker­ing has dropped a suit filed in New York against Alibaba and Ali­pay and agreed in­stead to co­op­er­ate with the two firms to safe­guard in­tel­lec­tual prop­erty rights and fight coun­ter­feit­ing. Alibaba has faced al­le­ga­tions in the past that its on­line shop­ping sites fail to pre­vent the sale of copy­right in­fring­ing goods. Alibaba has said it is con­stantly im­prov­ing its mon­i­tor­ing and en­force­ment of rules against coun­ter­feits. Agen­cies

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