Alibaba spent $ 161 million to fight fake goods

Chinese Holding Alibaba occupies a leading place in the field of e -commerce. It is not surprising that the company has to deal with a large number of scammers. And according to the latest published data, from the beginning of 2013 to the end of last November, Alibaba has spent 1 billion yuan (about $ 161 million) to counteract this phenomenon.

The company notes that it relates to great responsibility to combat fake products and increases its efforts in this direction, especially on the eve of the initial placement of shares on the New York Stock Exchange in September for a record for the United States $ 25 billion.

In its Avenue of emissions to IPO, the company noted that the widespread prevalence of counterfeit products can harm the case of the struggle for the trust of users, investors and American retail partners. How many years ago the Alibaba business was listed in the list U.S. Trade Representative as a notorious fame for violation of intellectual property rights.

But online canopy is still a big problem in China. In November, Chinese companies engaged in the field of e-commerce took part in the annual Internet sale on Singles’ Day, which is conducted by Alibaba. In one day, $ 9 billion was sold at its sites. However, according to the conclusion of the State Industrial and Trade Administrative Administration of China, 10.6 % of the goods sold on this day through various platforms turned out to be fake or extremely suspicious.


  • Reuters

Leave a Reply

Your email address will not be published. Required fields are marked *