Luxury brands suing Alibaba say mediation looks futile after Ma comments

SHANGHAI/NEW YORK (Reuters) - Luxury brands suing Chinese e-commerce behemoth Alibaba Group Holding Ltd have asked a U.S. judge to be relieved of the obligation to mediate, which they say looks futile after Alibaba founder Jack Ma was quoted in a magazine as saying he would rather lose the case than settle.

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