The founder and chairman of China′s e-commerce giant Alibaba... has downplayed a U.S. lawsuit
hitting his company, spinning it as a public relations opportunity.
Last week, the American law firm...
Robbins Geller Rudman and Dowd... filed a class action suit against Alibaba for allegedly
failing to disclose key information before its IPO on the New York Stock Exchange.
Speaking in Hong Kong on Monday, Jack Ma promised he would face the legal action "actively and
transparently."
"On one hand, this can let western societies better understand what Chinese companies can
do today, and how we operate.
So for me, I think we should face this issue, and use this opportunity to let the world
better understand Alibaba, and better understand China, which is a good thing.
So on this issue, I believe my legal team can handle it.
The information in question includes communications between Alibaba executives and Chinese regulators
over concerns of fake products being sold on its websites.