Alibaba’s Jack Ma says Kering lawsuit “regrettable”

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The founder of Alibaba Group Holdings Ltd Jack Ma says a lawsuit by a group of luxury goods makers owned by Kering SA accusing the Chinese e-commerce giant of being a conduit for counterfeiters to sell goods was “regrettable”.

SEOUL, SOUTH KOREA (MAY 19, 2015) (REUTERS) – The founder of Alibaba Group Holdings Ltd on Tuesday (May 19) called a lawsuit by a group of luxury goods firms owned by Kering SA accusing the Chinese e-commerce giant of being a conduit for counterfeiters “regrettable”.

Executive Chairman Jack Ma was speaking after Gucci, Yves Saint Laurent and other brands owned by Kering sued Alibaba in the United States on Friday (May 15), accusing it of knowingly making it possible for counterfeiters to sell their products throughout the world.

“We express our regret at the fact that the company chose to sue us instead of seeking to work with us to jointly combat counterfeit goods,” he told reporters in Seoul.

Ma also said Alibaba was interested in investing in U.S. tech companies, confirming media reports that the e-commerce firm is in talks with Apple Inc over an electronic payments system.

“We are in cooperation with Apple. At the moment, we are in talks and initial cooperation with Apple regarding a payment system,” Ma said.

“We hope, and I believe we both hope, that we can carry out more cooperations besides the payment system, but I think the key is to accomplish our first cooperation,” Ma added.

Apple Chief Executive Tim Cook was quoted by China’s Xinhua News Agency earlier this week as saying Apple had been in talks with Alibaba to launch Apple Pay in China.

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