Alibaba's Jack Ma Seeks to Reassure Employees Over U.S. Lawsuits

Alibaba Group Executive Chairman Jack Ma urged employees to relax about U.S. lawsuits against the firm over possible failure to disclose information to investors, in a letter to staff posted on his official microblog on Friday. A series of lawsuits have been filed in the United States after an unusually public fracas with a Chinese regulator last month over the issue of fakes being sold on Alibaba's websites. "As for the lawsuits that came about from recent events, I ask that Alibaba employees be at ease," Ma said in his annual letter, sent out before Lunar New Year.