Applied DNA Sciences Inc (APDN)

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Shail In Reference To Alibaba On My Earlier Post......

Not Sure How APDN Would Fit In...

HONG KONG—Alibaba Group Holding Ltd. is stepping up its battle against rampant counterfeiting in China, as it gears up for one of the technology industry's biggest initial public offerings.

Chinese e-commerce giant Alibaba is stepping up efforts to remove counterfeit goods from its websites. The WSJ's Juro Osawa tells Yun-Hee Kim why Alibaba is tackling this issue now.

For the past several years, the Chinese e-commerce giant has been working to remove fake items from its Taobao shopping site. But counterfeiters are persistent, posing a challenge for Alibaba just as bankers and investors are raising their expectations for the company ahead of its initial public offering. The IPO is likely to raise about $70 billion based on analysts' estimates and bankers said it could take place as soon as this year, but Alibaba hasn't set a specific date.

"Counterfeiting is a cancer we have to deal with," Alibaba founder Jack Ma said at a news conference in April, when the company announced its partnership with government agencies to fight piracy online and offline. Later this month, a group of Alibaba officials will travel to the U.S. to meet with representatives from brands, industry associations and the government in Los Angeles, New York and Washington to discuss intellectual property issues, the company said