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Alibaba, Taylor Swift Lyrics, UNM: Intellectual Property

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(Bloomberg) -- China eased away from a confrontation with Alibaba Group Holding Ltd., saying last week’s report criticizing the e-commerce company for failing to root out counterfeit goods didn’t have “judicial effect.”

Jack Ma, Alibaba’s billionaire chairman, on Friday met Zhang Mao, chief of State Administration for Industry and Commerce, or SAIC, promising to step up anti-piracy spending, according to a statement on the regulator’s website.