Alibaba’s Jack Ma says fakes are better than originals
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Many counterfeit goods are now of better quality than the genuine articles, Alibaba founder Jack Ma has said in comments set to infuriate luxury goods makers who accuse the Chinese ecommerce group of profiting from the sale of knock-offs.
“We have to protect [intellectual property], we have to do everything to stop the fake products, but OEMs are making better products at a better price,” Mr Ma said, referring to original equipment manufacturers that typically make products for branded sellers.