Alibaba Cooperates With Kering After Fakes Suit Withdrawn

Alibaba Group Holding Ltd., China’s biggest e-commerce company, is cooperating with Kering SA to stem the sale of fake products after the maker of Gucci withdrew a lawsuit that alleged Alibaba participated in violating trademarks.

The claims were withdrawn after dialog between the two companies, Alibaba spokeswoman Florence Shih said yesterday. The suit, filed in New York on July 9, said China’s biggest e-commerce company and affiliates made it possible to sell fakes throughout the world, according to court documents.