Alibaba Face Off With Chinese Regulator Over Fake Products
hackingbear writes China's State Administration of Industry and Commerce on Wednesday issued a scathing report against one of the country's biggest stars, accusing e-commerce giant Alibaba of failing to do enough to prevent fake goods from being sold on its websites. SAIC said Alibaba allowed "illegal advertising" that misled consumers with false claims about low prices and other details. It claims some Alibaba employees took bribes and the company failed to deal effectively with fraud. Alibaba fired back with charges of bias and misconduct by accusing the SAIC official in charge of Internet monitoring, Liu Hongliang, of unspecified "procedural misconduct" and warned it will file a formal complaint. Such public defiance is almost unheard of in China. Apparently, Alibaba has long attained the too big to fail status.
Alibaba has them. And even some great copies of NGC and PCGS slabbed coins.
I'm at a complete loss to understand why anybody would purchase anything from a site name Alibaba.
Lets just call ourselves outright thieves, its right there in the title and yet people are surprised when they are sold a bill of goods.