Category: Business news

Alibaba cracks down on counterfeiters on their platform

Chinese e-commerce giant Alibaba has sued two vendors for selling counterfeit goods, weeks after being blacklisted by a US industry watchdog. It’s the first time the firm has taken legal action against counterfeiters.Alibaba sued the vendors for allegedly selling fake Swarovski watches on its Taobao platform.  The move comes just two weeks after the company was put back onto the US’s “notorious markets” list over failing to curb the sale of counterfeit goods. Alibaba had been taken off the list four years ago, but US authorities say the firm’s online platform Taobao is being used to sell “high levels” of fake goods. The lawsuit against two unnamed vendors claims 1.4 million yuan ($201,671, £163,419) in damages, the company said.The counterfeiters were found out during a “test-buy purchase programme” when the watches they sold were confirmed by Swarovski to be fakes.  In a subsequent police raid, more than 125 counterfeit watches worth nearly 2 million yuan were confiscated. Alibaba said it would continue to crack down on counterfeiters and that...

Happy New Year 2017 Merry Christmas

Please receive our warmest greetings and best wishes for health,happiness and peace,at Christmas and for the new year.Know that you are in my prayers. We would like to take this Opportunity to thank your...