Alibaba’s Jack Ma seeks to reassure employees over U.S. lawsuits

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Alibaba Group Holding Ltd Executive Chairman Jack Ma urged employees to relax about U.S. lawsuits against the firm over possible failure to disclose information to investors, in a letter to staff posted on his official microblog on Friday. A series of lawsuits have been filed in the United States after an unusually public fracas with a Chinese regulator last month over the issue of fakes being sold on Alibaba's websites.

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Alibaba’s Jack Ma seeks to reassure employees over U.S. lawsuits