Gucci, YSL, others suing Alibaba back down on mediation threat

NEW YORK (Reuters) - Gucci, Yves Saint Laurent and other luxury brands suing Alibaba Group Holding Ltd for promoting the sale of counterfeit goods will resort to mediation, backing away from a threat to withdraw from the process after Alibaba founder Jack Ma said that he would rather lose the case than settle.

from Reuters: Technology News http://ift.tt/1Y8dsz0