AliExpress, founded in 2010 by Jack Ma, is the most relevant e-commerce company in China and is becoming increasingly relevant in other international markets, which has led to comparisons with Amazon, due to its importance in the sector.
Following the listing’s release, Alibaba said it is aware of intellectual property protection challenges and is committed to making progress in that area. “We look forward to continuing to work with governments to understand and address any concerns about protecting intellectual property on our platforms,” the company said in a statement.
On the other hand, Tencent said to disagree with the decision. He highlighted that he has invested significant resources to combat counterfeit products as well as intellectual property. However, he announced his collaboration to work with the American agency.
WeChat is one of the most relevant social media companies in the world, as it was used by more than 1.2 billion users per month in 2021, although most of it is in China.