Alibaba founder and multibillionaire Jack Ma recently wrote an editorial published in the Wall Street Journal restating his stance on pirated goods, especially the ones being peddled on his online marketing platform.

Prior to the publication of the editorial, the Chinese billionaire was quoted by the Wall Street Journal as claiming that pirated or counterfeit goods are "of better quality and better price than the real names."

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Ma, in his defense, later wrote that his statement was taken out of context and added that counterfeit and pirated products "have no place on Alibaba." To support his claim, Ma said that Alibaba has a zero-tolerance policy for "those who rip off other people's intellectual property," and added that counterfeit goods are similar to stealing.

The Alibaba founder also asserted that his company is raising the bar in terms of detecting and shutting down retailers of counterfeit goods. In the opening part of his editorial, Ma said that some Chinese manufacturers resorted to counterfeiting in order to sustain their operation in the face of the ever evolving market, which has become more and more competitive over the years. Ma later reiterated that his stance against piracy is a "battle against human greed."

In the editorial published by the Wall Street Journal, Ma wrote, "Counterfeit goods are absolutely unacceptable, and brands and their intellectual property must be protected. Alibaba is only interested in supporting those manufacturers who innovate and invest in their own brands."

Alibaba was founded in April 1999 ,and since then the company has grown to become a leading tech company - not only in China but in the world. It now offers several services, including electronic payment, data-centric cloud computing, online auction, mobile commerce, online money transfers, and a shopping search engine. As of April 2016, Alibaba has been crowned as the world's largest retailer.

TagsJack Ma, Alibaba, Alibaba news, Alibaba update, Alibaba platform, Counterfeit, counterfeit goods, fake goods, Alibaba Jack Ma, Alibaba CEO