Alibaba sinks $161M into nixing counterfeits over two years

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/