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Alibaba Says Kering Suit Over Fake Gucci Sales Has No Basis

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Alibaba Group Holding Ltd., China’s largest e-commerce operator, said it would fight a new lawsuit claiming it facilitates the sale of counterfeit merchandise.

Kering SA said Alibaba profited from the sale of goods that infringe on its brands, including Gucci and Yves Saint Laurent, according to the suit filed Friday in the U.S. District Court in New York.