Alibaba takes tougher stance against online sale of counterfeit goods
Chinese online retail group’s stricter standards on piracy and fake goods may even surpass those of Amazon and eBay
Alibaba is taking a tougher line against counterfeit items sold on its online marketplaces as the Chinese e-commerce group heads towards a US stockmarket listing that could be the world’s biggest technology flotation.
Some security experts say the Chinese group’s stricter standards onpiracy and fake goods may even surpass those of Amazon and eBay. In its filing for an initial public offering last week, Alibaba said the perception that its sites are cluttered with counterfeit items could hurt its ability to win over customers, investors and US retail partners. The group, founded by entrepreneur Jack Ma 15 years ago, has stepped up efforts to tackle the counterfeit problem in recent years.
Related Posts
Customs ropes in students to fight counterfeiting
Dubai: Customs authorities are encouraging youngsters to come up with creative...
Smuggled $577K was laced with fake cash to buy BVI boat, court hears
The 72-year-old visitor recently held at the TB Lettsome International Airport...
Pune: Fake Indian, foreign currency of Rs 87 crore ‘value’ seized; jawan among 6 arrested
Fake Indian and foreign currency notes — including play currency notes marked...
Illegal tobacco hidden in Chinese cargo
A Chinese national faces deportation or up to 10 years in jail for illegally...