Alibaba’s wealth of counterfeit products a concern to some potential IPO investors
HONG KONG — At first glance, the Monster Tron T1 headphones sold on Chinese e-commerce giant Alibaba’s Taobao site are a tempting offer for audiophiles looking for state-of-the-art hi-fi equipment.
But sellers omit one key detail: Monster never produced this model.
“There should be none in existence but our prototypes,” said Dave Tognotti, general manager of the Brisbane company best known for its audio-visual cables. He said Monster went so far as to announce a launch date but the design proved too complex to build to the company’s quality specifications, so it was abandoned.
“You can understand our surprise when we started to see counterfeit versions of this product appearing on websites like Alibaba.com, Aliexpress.com, 1688.com and Taobao.com,” he said. All four sites are part of Alibaba Group. Tognotti said that 99.5 percent of purported Monster products sold on Alibaba sites are fakes, based on thousands of listings the company’s investigators have examined over the years.
http://world.einnews.com/article/206686075/mKk4CdnjkQBGs8f_?n=1&code=AgcfkaVftQFfz4kH
Related Posts
$15M Worth Of Counterfeit Products Seized In Vernon Bust.
In a raid in Vernon Thursday, authorities seized $15 million worth of counterfeit...
Chinese artists create counterfeit stock images of artists
Stock Photos are glorious things. Yes, they're an important tool for sites such...
Bulgaria Deputy PM: Counteracting smuggling of excise goods one of govt’s main priorities
Rumyana Bachvarova, Bulgarian Deputy Prime Minister for Coalition Policy and...
Cigarette smugglers with gang members form Paddington, Southall and Birmingham, jailed
The gang’s smuggling plot was foiled in October 2012 when officers watched Jan...
