It alone booked a profit of 8 billion dollars. The fund has been helped by a buoyant global equities market, which has driven tech stocks higher. That saw its 82 investments valued at about 90 billion dollars, compared with a purchase price of just over 76 billion.
The lawsuit claimed Alibaba and 14 companies selling counterfeit goods on its online marketplaces joined to form an enterprise that sought to profit from items such as a knock off Gucci handbag that sold for $18.99 rather than $1,250 (roughly Rs. 83,518).Castel ruled the lawsuit failed to allege the existence of such an enterprise under federal racketeering law as it did not establish the merchants were aware of each other or that Alibaba could have agreed to carry out actions with them.”The fraud perpetrated by each merchant defendant could be accomplished without any assistance from any other merchant defendant,” he said.The ruling did not affect various other trademark related claims in the lawsuit against Alibaba, which had not at this time sought to dismiss the other parts of the lawsuit.Alibaba in a statement said that it was pleased with the court’s decision.Kering did not respond to a request for comment.The company has said that it is constantly improving its monitoring and enforcement of rules against counterfeits. Thomson Reuters 2016Samsung Galaxy A12 Samsung Galaxy A02s Micromax In Note 1 Redmi Note 9 Pro 5G Realme 7 5G Vivo V20 Pro 5G Motorola Moto G 5G Motorola Nio Oppo F17 AMD Radeon RX 6800 XT Intel NUC M15 Lypertek Levi True Wireless Stereo (TWS) Earphones Mi Watch Lite Skullcandy Crusher Evo Wireless Headphones TIMEX iConnect Premium Active Akai 43 inch Full HD Fire TV Edition Television (AKLT43S DFS6T) TCL 55 inch QLED 4K Android TV (55C715) GTA 5 Cheats PUBGSamsung Galaxy F62 Samsung Galaxy M12 Realme V11 5G Vivo S7t Nokia 1.4 Huawei Mate X2 Itel A47 Samsung Galaxy A52 Samsung Galaxy M02 Sony Xperia Pro (2021) Asus Sky Selection 2 Honor MagicBook 15 2021 Alcatel TKEE Max Alcatel TKEE Mid boAt Storm Smartwatch Fossil Gen 5 LTE Vu Cinema TV Action Series 65LX Vu Cinema TV Action Series 55LX Microsoft Xbox Series S Sony PlayStation 5 Digital EditionAlcatel Apple Asus Black Shark Coolpad Gionee Google Honor Huawei Infinix iQOO Itel Lava Lenovo LG Meizu Micromax Motorola Nokia Nubia OnePlus Oppo Poco Realme Samsung Sony TCL Tecno Xiaomi ZTEApple May Discontinue iPhone 12 mini Production Due to Weak Demand OnePlus 9 Pro Tipped to Sport Camera Setup With Hasselblad Branding Samsung Galaxy F62 India Launch Date, Price Range Revealed Samsung Galaxy A12 Tipped to Launch in India Next Week Nokia 5.4 Teased on Flipkart Ahead of Official India Launch Samsung Galaxy A52 5G Receives US FCC Certification How to Activate UAN on EPFO Portal A Step by Step Guide WhatsApp Testing Mute Video Feature for Users: Report Watch the New Trailer for F9, the Next Fast Furious Movie Here Are All the Cheat Codes for GTA V on the PCRedmi K40 Teased to Come With Selfie Camera Hole, Stereo Speakers, and Battery Life Realme Race Alleged TENAA Listing Shows Hole Punch Cutout Display, BIS Listing Tips Imminent India Launch Mi Mix 4 Smartphone Launch Confirmed, Xiaomi Expected to Launch New Tablet as Well This Year Xiaomi Mi 11 Global Launch: How to Watch Livestream, Expected Price, Specifications WhatsApp Testing Feature to Mute Videos Before Sharing: Report CD Projekt Focusing on Improving Cyberpunk 2077, CEO Says After Global Backlash Dogecoin: What Is It, the Musk Connection, and Everything Else You Need to Know Samsung Galaxy A52 5G Spotted on US FCC Certification Site With Key Specifications OnePlus 9 Pro Camera Setup Tipped to Feature Hasselblad Branding, OnePlus 9 May Have Same Display as OnePlus 8T Alibaba Taobao, Tencent WeChat Pay, More Chinese Tech Giants Face New Anti Monopoly Guidelines.