TRADE WARS
Alibaba's Jack Ma blames "outdated" law for fakes
by Staff Writers
Shanghai (AFP) March 7, 2017


Alibaba's founder Jack Ma urged stronger penalties for selling counterfeits Tuesday in an open letter arguing that "outdated and unrealistic" laws and regulations "encourage" selling and making of fake products.

Alibaba has come under fire in recent years for the ease at which knock-off goods are available to consumers on its online Taobao marketplace, which accounts for more than 90 percent of the domestic consumer-to-consumer market.

"Outdated and unrealistic" laws and regulations have led to few convictions for counterfeit cases, Ma wrote in a letter on his official social media account.

The lack of strict laws "will only encourage more people to engage in the act of making and selling fakes", he said, addressing delegates of China's rubber-stamp legislature, which is gathered in Beijing for its annual parliamentary session.

China's factories have traditionally churned out products for branded companies at low cost, but with the rise of e-commerce platforms such as Alibaba, they are increasingly finding opportunities to market their own goods directly to consumers online.

Late last year the office of the US Trade Representative put Alibaba's massive online sales portal Taobao on its annual blacklist, saying the site was not doing enough to curb sales of fake and pirated goods.

Alibaba later filed a lawsuit against two vendors for allegedly selling counterfeit Swarovski watches.

"Selling and making fakes is by its nature an act of theft. The right and wrong judgement on thieves has been clear for a long time, but the theft of intellectual property rights still lacks common social consensus," Ma said in the open letter.

He said only a tenth of about 4,500 cases Alibaba reported to the police were prosecuted in 2016.

TRADE WARS
China defends WTO in face of Trump rebuke
Beijing (AFP) March 2, 2017
/> China said Thursday it will continue to support the "open and unbiased" World Trade Organization (WTO) in a statement that came on the heels of an announcement by President Donald Trump's administration that the US is not bound by the group's rulings. The world's second largest economy is seeking to position itself as a defender of the international trade system in response to a rising t ... read more

Related Links
Global Trade News

Comment on this article using your Disqus, Facebook, Google or Twitter login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

TRADE WARS
New Zealand lauded for renewables, but challenges remain

EU parliament backs draft carbon trading reforms

Taiwan lantern makers go green for festival of lights

Republican ex-top diplomats propose a carbon tax

TRADE WARS
A new approach to improving lithium-sulfur batteries

Imaging the inner workings of a sodium-metal sulfide battery for first time

ABB delivers first urban battery storage solution in Denmark to support renewables

Lithium-ion battery inventor introduces new technology for fast-charging, noncombustible batteries

TRADE WARS
Wind energy gaining traction, U.S. trade group says

French, Spanish companies set for more wind power off coast of France

Breakthrough research for testing and arranging vertical axis wind turbines

German company to store US wind energy in batteries in Texas

TRADE WARS
King County Metro signs Urban Solar on for rare 10 year contract

DuPont Photovoltaic Solutions Introduces New Solamet

SOVENTIX developing solar parks of up to 140 megawatts in Alberta, Canada

meeco installed biggest solar energy plant in Zimbabwe

TRADE WARS
EU approves Hungary's Kremlin-backed nuclear plant

Areva narrows losses in 2016

Researchers find new clues for nuclear waste cleanup

Next generation of nuclear robots will go where none have gone before

TRADE WARS
Turning food waste into tires

New materials could turn water into the fuel of the future

Novel 3-D manufacturing leads to highly complex, bio-like materials

Tree growth model assists breeding for more wood

TRADE WARS
U.S. rig counts increased in February

More oil progress offshore Senegal

Gas prices steady, but wild swings reported regionally

Oil prices face pressure over slowing China

TRADE WARS
Just how early is spring arriving in your neighborhood

Somali president declares 'national disaster' over drought

Warming ponds could accelerate climate change

Brazil's poorest region suffers worst drought in a century