Fake Goods to Be Targeted in China

on October 17 2014 | in Daily Headlines | by | with No Comments

More than 10 Chinese online retailers pledged Friday to cooperate with Beijing city departments to root out sellers of knockoff goods, amid pressure from the government and the public to clean up a booming market that can often be awash with fakes.

The e-commerce companies, represented by Nasdaq-listed JD.com Inc., JD -0.68% signed a joint pledge declaring that they would strengthen measures to monitor the quality of goods sold online, the government-linked Beijing E-Commerce Association said in a statement.

JD.com said it would submit the names of vendors suspected of selling knockoffs to the Beijing Administration of Industry and Commerce. It said it would also send such information to authorities in Shanghai and the southwestern city of Chengdu.

In similar moves, e-commerce giant Alibaba Group Holding Ltd. BABA +0.48% made a flurry of declarations with overseas business groups and brands this year to jointly fight fakes, ahead of its $25 billion listing last month on the New York Stock Exchange.

Legal experts say such declarations by e-commerce trading platforms have had limited impact on getting rid of fake online merchandise.

Read more at The Wall Street Journal.

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