Jack Ma, chairman of ecommerce group Alibaba, has blamed credulous and “greedy” consumers for the prevalence of counterfeit goods available on the internet, adding that his company provides buyers with the tools to distinguish fakes from the genuine article.
“If you want to buy a Rolex for Rmb25 [$4], you can only be blamed for being too greedy,” he told an audience at the World Internet Conference in the Chinese city of Wuzhen.
Mr Ma’s comments were a departure from the usually contrite public message honed by Alibaba in the run-up to its record-breaking initial public offering in September, which raised $25bn.
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