Fighting fakes: Ahead of US IPO, Alibaba takes a tougher line
BEIJING/SAN FRANCISCO: Alibaba is taking a tougher line against counterfeit items sold on its online marketplaces as the Chinese e-commerce giant heads towards a US stock listing that could be the world’s biggest technology company IPO. Some security experts say the Chinese group’s stricter standards on piracy and fake goods may even surpass those of Amazon.com Inc and eBay Inc. In its IPO filing last week, Alibaba Group Holding Ltd said the perception that its sites are cluttered with counterfeit items could hurt its ability to win over customers, investors and US retail partners. The group, founded by entrepreneur Jack Ma 15 years ago, has stepped up efforts to clean house over recent years.
Related Posts
Khalil foils attempts to smuggle kids medicine, evade customs fees
Authorities foiled Tuesday a number of attempts to evade customs fees and smuggle...
Abbott product distribution faces monopoly queries
The National Steering Committee on the Prevention and Control of Smuggling, Trade...
FDA warns of fake saline after 1 dies; 40 ill
The FDA and Centers for Disease Control and Prevention warned Wednesday that more...
How to protect your bike brand against counterfeiters
How big is the counterfeiting problem in the bike trade? In an industry...