Ron Burgundy Posted May 13, 2014 Share Posted May 13, 2014 By Paul Carsten and Deepa Seetharaman BEIJING/SAN FRANCISCO (Reuters) - Alibaba is taking a tougher line against counterfeit items sold on its online marketplaces as the Chinese e-commerce giant heads towards a U.S. 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 U.S. retail partners. Two days after contacting Alibaba, the supplier of the counterfeit had been removed. "They reached out to the supplier and told them they couldn't do that," said De Arkos, CEO of U.S. company Innovative Watersports that has sourced through Alibaba since 2012. View the full article Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.