(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.