A Chinese government agency said recently that most of the goods sold on the Chinese website Alibaba are counterfeit. That means the products are not made by the company that is claimed to be the maker. Alibaba has a website that connects buyers with sellers. The company’s chief, Jack Ma, says he has solved the dispute with Chinese officials. The Alibaba Group has quickly became a major Internet company. Last year, the company raised $25 billion in its IPO, or initial public offering. The Chinese company offered stock shares to the public for the first time last September on the New York Stock Exchange. But recently China’s State Administration of Industry and Commerce, SAIC, released a report. It said the company has not done enough to stop the Internet sales of illegal goods. Alibaba’s Executive Chairman, Jack Ma, said this was not true. The SAIC report said that Alibaba employees took bribes and permitted sales people to sell illegal wine, handbags and other goods without the required permits. It also said an investigation showed that many of the samples on the Taobao retail website were not licensed products. Alibaba runs Taobao. On January 27th, Taobao rejected the study’s findings saying it was unfair. A U.S. law firm recently announced it is taking action against Alibaba. The lawyers said the company did not tell the public about criticism from Chinese regulators before the stock offering. Jack Ma said that the company will be open in its dealings over the legal action. He said the situation should give western observers a better understanding of Alibaba and China.
Share this
Related Posts
VOA: Anh ngữ đặc biệt: Tips for Writing: ‘They Say, I Say’ (VOA)Sometimes students make writing harder than it has to be. That is what Gerald Graff says. He and Cathy Birkenstein are 
VOA: Thành ngữ tiếng Anh thông dụng: Poker Face (VOA)Rất có thể bạn đã từng nghe ca khúc 'Poker Face' của Lady Gaga rất nhiều rồi. Nhưng poker face có nghĩa là gì vậy? Mời 
VOA: Thành ngữ tiếng Anh thông dụng: Keep One's Fingers Crossed (VOA)JET là danh từ, có nghĩa là loại máy bay dùng động cơ phản lực. JET còn có nghĩa là luồng khí hay chất lỏng xịt mạnh ra
VOA: Học tiếng Anh qua tin tức - Nghĩa và cách dùng từ Danger (VOA)DANGER là danh từ, có nghĩa là MỐI NGUY HIỂM. DANGER đi cùng với giới từ OF để chỉ mối nguy hiểm từ ai hay thứ gì đó gâ
EmoticonEmoticon