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    --FILE--View of the headquarters of Chinese e-commerce giant Alibaba Group in Hangzhou city, east Chinas Zhejiang province, 18 September 2014. Alibaba Group Holding Ltd. is knocking Amazon.com Inc. off its perch as the world's largest online retailer by market capitalization, signaling the ascendance of a global rival for investor and consumer dollars.

    China Set to Revamp E-Commerce Market Amid Alibaba Row

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    On Wednesday, a regulatory body responsible for industry and commerce in China published a report blaming Alibaba Group for lax control over its subsidiary that led to sales of counterfeit goods, bribery and other illegal activities.

    MOSCOW, January 29 (Sputnik) — The Chinese Ministry of Commerce pledged to regulate and reform the entire e-commerce sector amid the row with the Alibaba Group over the alleged sale of counterfeit goods, South China Morning Post reported Thursday.

    The Chinese ministry initiative is part of a campaign to build a more reliable e-commerce market, according to Shen Danyang, a spokesperson for the Ministry of Commerce.

    During an investigation campaign carried out last year, the ministry revealed over 11,000 online commercial violations and closed 3,400 websites.

    On Wednesday, the Chinese State Administration for Industry and Commerce (SAIC), a regulatory body responsible for industry and commerce, published a report blaming Alibaba Group for lax control over its subsidiary Taobao.com that led to sales of counterfeit goods, bribery and other illegal activities.

    Alibaba was also reportedly accused of overlooking the sale of fake cigarettes, alcohol, weapons and other forbidden goods on its marketplace sites.

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    e-commerce, business, Alibaba Group, China
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