Gucci, Yves Saint Laurent and others suing Alibaba say mediation looks futile after Ma comments

Gucci, Yves Saint Laurent and others suing Alibaba say mediation looks futile after Ma comments

Jack Ma, Alibaba founder and chairman. Photo: REUTERS/Fabian Bimmer

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.

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