
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
Kenya: The Man On a Mission to Shine Light On Fake Goods
From fake phones to illicit alcoholic drinks, the Kenyan market has been raided...
ICA foils bid to smuggle 5,000 cartons of cigarettes hidden under lorry
SINGAPORE - More than 5,000 cartons of duty-unpaid cigarettes were found hidden...
Gulf states plan laws to curb fuel smuggling
‘If there’s a subsidy, countries don’t want those products to be sent across the...
Fake cosmetics flood the market
A local cosmetics distributor, Black Opal Zimbabwe, has expressed concern over...

