The largest online store in China was risked to be added to the US blacklist because of the big amount of counterfeit goods. Nevertheless, Alibaba has already received the second warning from the US Trade Representative, which requires to take more active measures to eliminate the counterfeit products. Earlier Alibaba had already been blacklisted for the same reason, but was expelled from it in 2011 after the cooperation with legitimate manufacturers.
The common negative sentiment has impacted the Alibaba shares, which dropped by 1.26% and still continue to fall. Traders have a good opportunity to earn money on a further decline. Trading will be available during the American session, from 13:40 to 20:00 GMT time.
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