The crackdown highlights the significant impact of counterfeit goods on global retailers. Pandabuy.com, based in Hangzhou, China, connects international buyers with Chinese sellers on platforms such as TaoBao. Credit: Pandabuy.
In a major crackdown on counterfeit goods, Chinese authorities have raided the headquarters of Pandabuy, a significant player in the counterfeit fashion market.
The raid involved almost 100 law enforcement officers and led to the arrest of 30 individuals.
The authorities seized a massive quantity of fake products, reportedly enough to fill 20 football stadiums.