counterfeiting Archives - Inside Retail Asia

Mong Kok counterfeiting syndicate smashed

Hong Kong Customs smashed a Mong Kok counterfeiting syndicate this week, seizing suspected fake goods worth HK$3 million.

China’s online sales surge

Online shopping continues its rise in China. The nation’s online retailers have recorded 1.1 trillion yuan ($176.1 billion) in sales during the first half, 33.4 per cent higher than the same period last year. Online sales now account for 8.4 percent of the nation’s overall retail sales, according to the Ministry of Commerce (MOFCOM). MOFCOM says counterfeiting is still a serious issue, however, marketplaces are strengthening their efforts to fend off fraudulent third party merchants. …

Amazon China clamps down on fraud

E-commerce giant Amazon has closed a third party store in China over the fraudulent sale of cosmetics products. The move comes on the heels of a China Central Television report about Amazon’s and Dangdang’s third party merchants reselling fake cosmetics, some sourced from grey market wholesalers. “We will strengthen the process of scrutiny and regulation of our sellers,” Amazon said on China’s Twitter-like Sina Weibo. Dangdang also closed the accused third party stores and promised to r…

Luxury counterfeiting growing in India

The market for fake luxury goods in India is growing at twice the rate of genuine luxury products. Growing at a compounded annual growth rate of almost 40-45 per cent, the counterfeit luxury products market in India is likely to more than double to Rs5600 crore ($911 million) from the current level of about Rs2500 crore ($450 million), apex industry body ASSOCHM said. The size of counterfeit luxury industry in India is currently about five per cent of the overall market size of India’s l…

Taobao, Louis Vuitton fight fakes

China’s Taobao Marketplace has teamed up with Louis Vuitton in a fight against counterfeiting. “With this agreement, Taobao will continue to “proactively take down product listings of suspected counterfeit goods and implement preventive measures to stop sellers from listing fake items,” reports Alizila, the news website of Taobao’s parent Alibaba. Louis Vuitton’s global intellectual property director Valerie Sonnier says that the collaboration is invaluable for them in preventing the man…