Xiaomi Confronts Counterfeits as Fake Products Eat Into Sales
Xiaomi Corp., the Chinese smartphone vendor that overtook Apple Inc. and Samsung Electronics Co. in the world’s largest market, now faces another foe: counterfeiters.
Sales of the company’s Mi Power Bank battery pack for smartphones hit 14.6 million units last year, less than half what the total should have been, Chief Executive Officer Lei Jun said at a press conference at the company’s headquarters in Beijing Thursday.
“What is the biggest problem? There are many fakes,” Lei said. “If there were no counterfeits, our sales would be double or triple. The product has been recognized by everyone.”
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Download: Amazon suing websites over fake product reviews
When you’re shopping, how much do you rely on online reviews?
The Seattle Times reports that Amazon is suing three websites for posting fake product reviews.
The lawsuit alleges these companies are paid to act as a middle man for Amazon sellers, sometimes blasting competitors with false or misleading user reviews and charging more than $20 per post. Positive reviews are thought to boost sales, but fake reviews have long-undermined the system, making it hard to distinguish between real ones and frauds.
http://fox8.com/2015/04/09/download-amazon-suing-websites-over-fake-product-reviews/
Lear MoreFake wonder cream experiment shows why you can’t trust a clinical trial
This is Rejuvalize, the miracle product that’s so effective 100 per cent of users in clinical trials said it made their skin feel more youthful.
A further 98 per cent noticed a reduction in the appearance of lines and wrinkles, and 80 per cent reported that it made them look younger and healthier. The only catch is that this is a made-up product, created by mixing $2.99 home-brand sorbolene moisturiser with a squirt of Aloe Vera After-Sun Care to make it smell nice.The fake face cream was dreamed up by Kirsten Drysdale and the team from ABC’s The Checkout, which returns to our screens tonight at 8pm
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Fake Apple watches spring up in China ahead of official launch
Dozens of unofficial retailers in China are offering fake Apple watches for around USD 55. In the teeming electronics district of the southern Chinese city of Shenzhen, dozens of unofficial retailers are offering local replicas of the soon-to-be launched Apple Watch. Selling for around USD 55, they promise a range of functions including messaging, phone calls and video. Unlike the genuine Apple products, however, new apps cannot be downloaded.
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44% increase in manufacturing sector losses due to illicit trade: study
Illicit trade in seven major manufacturing sectors has increased industry losses by 44 per cent in two years, said a study. Government tax (direct and indirect) losses have also increased almost 50 per cent to Rs 39,239 crore in 2014, from Rs 26,190 crore in 2012 due to this.
Federation of Indian Chambers of Commerce and Industry (Ficci) and the Committee Against Smuggling And Counterfeiting Activities Destroying the Economy (Cascade) commissioned the study, which focused on seven prime manufacturing sectors — auto components, alcoholic beverages, computer hardware, fast moving consumer goods (personal), FMCG packaged foods, mobile phones, tobacco and media and broadcasting.
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Amazon files first-ever suit over fake product reviews, alleging sites sold fraudulent praise
Amazon has filed suit against the alleged operators of sites that offer Amazon sellers the ability to purchase fake 4- and 5-star customer reviews of their products. The suit, the first of its kind from the Seattle company, was filed in King County Superior Court against a California man, Jay Gentile, identified in Amazon’s filings as the operator of buyazonreviews.com. The site also targets unidentified “John Does” who operate similar sites: buyamazonreviews.com, bayreviews.net and buyreviewsnow.com.
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Oman crime: Customs seize contraband cigarettes, tobacco in Seeb
Some expatriates were arrested on the charges of trafficking of contraband, and 2,918 cigarettes packets of various brands and more than 93 kilogrammes of chewing tobacco were seized from them, a reliable source at the Royal Oman Police (ROP) said.Personnel of the General Administration of Customs raided three houses in Seebwilayat inhabited by expatriate workers who were storing smuggled goods there, according to the ROP.
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Manufacturing sector losses increased 44 per cent due to illicit trade: Study
Seven major manufacturing sectors suffered an estimated loss of Rs 1,05,381 crore during 2013-14 due to illicit trade, according to a FICCI report.
The study on ‘Illicit Markets’ focused on seven major manufacturing sectors — auto components, alcoholic beverages, computer hardware, FMCG personal goods, FMCG packaged foods, mobile phones and tobacco.
On account of illicit trade, FICCI-CASCADE report said, the estimated loss to these seven sectors has increased by 44.4 per cent.
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Government flags illicit trade as a major deterrent to India’s growth
Union Minister of Consumer Affairs, Food and Public Distribution, Ram Vilas Paswan, has emphasised that illegal trade activities such as smuggling and counterfeiting are a major setback to India’s growth and development. This not only hinders the nation’s progress but also leads to corruption and black money generation.
Given the current emphasis on the ‘Make in India’ campaign, it becomes imperative that the quality of the products available is not sub-standard and fake. The Minister added that illicit trade impacts all sections of society hence it becomes essential to control the quality of goods available in the market. He said that his ministry would be keen to work with FICCI CASCADE in addressing these issues and invited recommendations in this regard.
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अवैधकारोबारकेचलतेसरकारऔरइंडस्ट्रीकोहोरहाबड़ाघाटा
नईदिल्ली।अवैधकारोबारऔरफ्रॉडकेजरिएदेशकीग्रोथकोबड़ाझटकालगरहाहै।बुधवारकोफिक्कीनेअवैधकारोबारसेसबसेज्यादाप्रभावितहोनेवालेनौविभिन्नसेक्टर्सपरआधारितएकरिपोर्टजारीकी।इन्हेंदोधड़ोंमेंरखागयाहै।पहलेसेगमेंटमेंफएमसीजीपैकेज्डफूड, पर्सनलगुड्स, कंप्यूटरहार्डवेयर, ऑटोमोबाइल, मोबाइलफोन, तंबाकू, एल्कोहॉलऔरदूसरेसेगमेंटमेंब्रॉडकॉस्टिंगएंडमोशनपिक्चर्ससहितमीडियाएंडइंटरटेनमेंटमेंहोरहेअवैधकारोबारकोशामिलकियागयाहै।
रिपोर्टकेमुताबिकअवैधकारोबारकेचलतेनसिर्फइंडस्ट्रीकीसेल्सबल्किसरकारकेरेवन्यूकोभीबड़ाचूनालगरहाहै।फिक्कीनेइसकीरोकथामकेलिएसरकारकोतुरंतकोईसख्तकानूनबनानेकीअपीलकीहै।
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