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Alibaba and Kering partner up to combat counterfeit trade

The parent company of retailers Gucci, Yves Saint Laurant and Puma has partnered with Chinese ecommerce platform Alibaba to combat the sale of fake goods on the latter. As part of the deal, luxury fashion house Kering will dismiss its lawsuit against Alibaba and affiliate Alipay, which was filed in the US district court in New York in 2015

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