
Fighting fakes: Ahead of US IPO, Alibaba takes a tougher line
BEIJING/SAN FRANCISCO: Alibaba is taking a tougher line against counterfeit items sold on its online marketplaces as the Chinese e-commerce giant heads towards a US stock listing that could be the world’s biggest technology company IPO. Some security experts say the Chinese group’s stricter standards on piracy and fake goods may even surpass those of Amazon.com Inc and eBay Inc. In its IPO filing last week, Alibaba Group Holding Ltd 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 clean house over recent years.
Related Posts
FICCI raises awareness on smuggled and counterfeit goods by organizing seminars nationally
Delhi: FICCI CASCADE (Committee Against Smuggling and Counterfeiting Activities...
Nigeria: Govt Urged to Step Up Fight Against Counterfeiting
The federal government has been urged to intensify its effort in the fight...
Smuggled cigarettes worth NT$20 million seized in Kaohsiung
Taipei, June 6 (CNA) Kaohsiung Customs officers on Tuesday seized a shipping...
RongKluea raids net another B10m in fake goods 5 Mar 2016
Authorities have seized another 10 million baht worth of counterfeit brand-name...