Alibaba membership of anti-counterfeit group suspended amid conflict claims

International Anti-Counterfeiting Coalition president reportedly holds Alibaba stock and has ties to an Alibaba executive

An anti-counterfeiting group said on Friday it was suspending Alibaba's membership following an uproar by some companies that view the Chinese e-commerce giant as the world's largest marketplace for fakes.

The International Anti-Counterfeiting Coalition also told members it had failed to inform the board of directors about conflicts of interest involving the group's president, Robert Barchiesi.