Gucci Was Succumbed By Alibaba To Mediate Counterfeit Goods Litigation.

Ma Yun's remarks irritated Gucci, prompting the brand of Kai Yun group to ask judges to stop adjusting, and said Ma Yun's comments were "futile".

But the judge urged them to reconsider and ask both sides to ease their words.

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Yves Saint Laurent and other luxury brands Kai Yun group said the case against Alibaba group to sell counterfeit products would be mediated. The group said it would not withdraw the process.

Before that, Ma's tough remarks irritated Kai Yun group and said that he would not settle with Alibaba.

Prior to this, Alibaba founder Ma Yun said he would rather lose the lawsuit, and do not want this problem to be solved.

In a report published on Forbes's website in November 6th,

Ma Yun, the founder and chairman of the board of directors, talked about the infringement of trademark rights and the sale of counterfeit goods by the French luxury group's Alibaba. It jumped almost from the sofa and said, "I'd rather lose the lawsuit than lose money." but we will win respect and respect.

But now the incident is reversed, perhaps forced by Ali's strong market share of electricity providers, Kai Yun group began to relax and accept mediation.

The brand of Kai Yun group accepted the request of Kevin Castel of the Federal District Court, and their lawyer, Robert Weigel, pointed out in the prosecution document of the federal court of Manhattan last Wednesday that they tried to resolve their differences by regulating intermediaries.

Brands including Paris and Bottega Veneta accused Alibaba, the world's largest online retailer, of trademark infringement, allowing 31 illegal businesses to sell counterfeit products, damaging their sales and reputation.

One of the cases mentioned in the lawsuit is, "one."

It sells for only $2 to $5, while genuine Gucci handbags are priced at $795.

The lawsuit requires businesses to stop selling counterfeit goods and impose a three fold penalty as punishment.

Ma Yun is currently worth about 23 billion 400 million dollars.

Ma Yun's remarks irritated Gucci, prompting the brand of Kai Yun group to ask judges to stop adjusting, and said Ma Yun's comments were "futile".

But the judge urged them to reconsider and ask both sides to ease their words.

He wrote: "unnecessary public comments will disrupt the dialogue between the two sides.

However, both open and confidential dialogues can change at any time.

In his letter, Weigel, partner of Gibson, Dunn & Crutcher, said: "we hope that the problem can be solved here.

The brand of Kai Yun group will maintain good faith communication in regulation.

Weigel also said it could change the behavior of thousands of fake sellers on the Alibaba platform.

Alibaba spokesman Bob Christie said at the time that the company welcomed the brand's "pursuit of a constructive approach to explore cooperation rather than litigation against counterfeiting mediation".

The Alibaba representative Bruce Rich declined to comment on the latest move in Gucci's settlement.