hitting his company, spinning it as a public relations opportunity.

Last week, the American law firm... Robbins Geller Rudman and Dowd... filed a class action

suit against Alibaba for allegedly failing to disclose key information before its IPO

on the New York Stock Exchange. Speaking in Hong Kong on Monday, Jack Ma promised

he would face the legal action "actively and transparently."

"On one hand, this can let western societies better understand what Chinese companies can

do today, and how we operate. So for me, I think we should face this issue, and use this

opportunity to let the world better understand Alibaba, and better understand China, which

is a good thing. So on this issue, I believe my legal team can handle it.

The information in question includes communications between Alibaba executives and Chinese regulators

over concerns of fake products being sold on its websites.