Alibaba's Jack Ma blames "outdated" law for fakes

Alibaba's founder Jack Ma urged stronger penalties for selling counterfeits Tuesday in an open letter arguing that "outdated and unrealistic" laws and regulations "encourage" selling and making of fake products.Alibaba has come under fire in recent years for the ease at which knock-off goods are available to consumers on its online Taobao marketplace, which accounts for more than 90 percent of the domestic consumer-to-consumer market."Outdated and unrealistic" laws and regulations have led to fe