Alibaba cracks down on counterfeiters on their platform


Chinese e-commerce giant Alibaba has sued two vendors for selling counterfeit goods, weeks after being blacklisted by a US industry watchdog. It’s the first time the firm has taken legal action against counterfeiters.

Alibaba sued the vendors for allegedly selling fake Swarovski watches on its Taobao platform. The move comes just two weeks after the company was put back onto the US’s “notorious markets” list over failing to curb the sale of counterfeit goods.

Alibaba had been taken off the list four years ago, but US authorities say the firm’s online platform Taobao is being used to sell “high levels” of fake goods.

The lawsuit against two unnamed vendors claims 1.4 million yuan ($201,671, £163,419) in damages, the company said.

The counterfeiters were found out during a “test-buy purchase programme” when the watches they sold were confirmed by Swarovski to be fakes.

alibaba

In a subsequent police raid, more than 125 counterfeit watches worth nearly 2 million yuan were confiscated.

Alibaba said it would continue to crack down on counterfeiters and that it already had a list of other suspected vendors who would face similar action.

“We want to mete out to counterfeiters the punishment they deserve in order to protect brand owners,” Alibaba said in a statement.

The Chinese online retailer and its market place Taobao have long been accused of being a platform for counterfeit goods.

In May last year, Alibaba was suspended from the International Anti-Counterfeiting Coalition (IACC) watchdog over piracy concerns.

Alibaba, China’s biggest online retailer floated on the New York Stock Exchange in September 2014 and broke records by raising $25bn.


Read More Post

7 thoughts on “Alibaba cracks down on counterfeiters on their platform

  • January 13, 2017 at 5:15 am
    Permalink

    I really like your blog.. very nice colors & theme. Did you create this website yourself or did you hire someone to do it for you? Plz reply as I’m looking to design my own blog and would like to find out where u got this from. thanks a lot

    Reply
  • January 14, 2017 at 1:14 am
    Permalink

    Good post! I read your blog often and you always post excellent content. I posted this article on Facebook and my followers like it. Thanks for writing this!

    Reply
  • January 15, 2017 at 7:47 am
    Permalink

    I really like your blog.. very nice colors & theme. Did you create this website yourself or did you hire someone to do it for you? Plz reply as I’m looking to design my own blog and would like to find out where u got this from. thanks a lot

    Reply
  • January 15, 2017 at 4:29 pm
    Permalink

    I haven’t checked in here for a while because I thought it was getting boring, but the last several posts are great quality so I guess I’ll add you back to my daily bloglist. You deserve it my friend

    Reply
  • January 15, 2017 at 9:27 pm
    Permalink

    Wonderful website you have here but I was wondering if you knew of any community forums that cover the same topics talked about in this article? I’d really like to be a part of group where I can get comments from other experienced people that share the same interest. If you have any suggestions, please let me know. Thanks!

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

Social Media