Alibaba’s Taobao steps up measures to fight fake luxury goods
Alibaba Group Holding Ltd’s online shopping platform Taobao is tightening controls on the sales of luxury goods, requiring sellers to show proof of authenticity, as it fights sales of fake items on one of China’s top online platforms.
From May 20, sellers of luxury products will be required to upload proof, such as an invoice or authorization letter from the luxury brands, for examination by Taobao, or the goods will be removed from the portal, while their funds can be frozen.
“To create a healthy shopping environment with a high level of integrity and to protect the legal interests of consumers and brand owners, Taobao is gearing up to regulate sales of luxury brands’ products,” it told sellers in a notice dated May 4.
http://www.reuters.com/article/us-alibaba-taobao-idUSKCN0Y10VH
Related Posts
Pune: Police bust fake branded clothes racket, seize goods worth Rs 6.98 lakh
It has come to light that fake Calvin Klein clothes are being sold in the market....
More than 90% of ‘genuine’ Apple chargers & cables sold on Amazon are fake, says Apple
There’s no shortage of third-party chargers and cables sold for Apple equipment,...
Steel industry told to boost quality
Insiders and experts have said the sheet steel industry needs to improve quality...
Tobacco Smuggling Rises Explosively as Gov’t Is Set to Raise Cigarette Price
As the government’s decision to raise the cigarette prices by 80 percent from...