Rivals Slam Alibaba with Accusations of Slander

(Beijing) – China's largest B2C website, 360buy.com, mounted an aggressive response on reports issued by its major rival, Alibaba Group, which assert that the company sold goods at higher prices last year.

360buy has accused Alibaba Group of putting out biased market research regarding the domestic B2C market.

In a report issued on January 31, Etao.com, an Alibaba unit that provides online retail search and data services, said prices for equivalent goods on Chinese B2C websites rose significantly in the fourth quarter of 2011.