Alibaba vows to stamp out fakes after suspension

E-commerce giant Alibaba has pledged to stop fakes appearing on its online platforms after being suspended as a member of an international anti-counterfeiting group.

Alibaba Group Holding's membership was suspended by the International Anti-Counterfeiting Coalition on Friday.

The suspension came only about a month after the company became the first e-commerce member of the nonprofit global organization that fights counterfeit products and piracy.