Anti-Counterfeiting group suspends Alibaba's membership

(Reuters) - An anti-counterfeiting group said on Friday it was suspending Alibaba Group Holding Inc's membership following concerns raised by some of its member companies. The International Anti-Counterfeiting Coalition (IACC) statement follows an AP report that the group's president, Robert Barchiesi, had stock in Alibaba and that he used family members to help run the coalition. In a letter sent to its members, IACC said conflicts were not disclosed to the board "because of a weakness in our c