Committee Against Smuggling and Counterfeiting Activities Destroying the Economy

Alibaba sinks $161M into nixing counterfeits over two years

December 23, 2014 by admin News 0 comments

Over the last two years, China-based e-commerce giant Alibaba Group has spent well over $100 million ridding its listings of counterfeit items.Between January 2013 and November 2014, Alibaba spent 1 billion yuan (about $161 million) removing counterfeit items from the company’s e-commerce listings, the China-based company announced Tuesday. In total, over 90 million items have been removed from its group of e-commerce sites.

 

http://www.cnet.com/news/alibaba-has-spent-161m-scrubbing-counterfeits-in-two-years/

Prev
Next

Related Posts

Beating the brandjackers: book launch
April 17, 2014

A new book that provides practical advice to businesses at risk of online attacks...

ERA/FoEN Tasks FG on Illicit Tobacco Trade
June 11, 2015

For tobacco control measures to be effective, the Federal Government must take...

77,850 empty counterfeit vodka bottles handed over to brand owner for destruction
January 7, 2014

Singapore Customs has handed over 77,850 empty counterfeit vodka bottles, 18...

Buying cheaper counterfeit products for holidays can have high costs Federal agents have come across fake contact lenses, counterfeit prescription pills and software that can steal your identity
December 26, 2012

Buying knockoff purses or piratedDVDsmay seem harmless for some holiday shoppers,...