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Business

China's Alibaba sues vendors over selling counterfeits

Chinese e-commerce giant Alibaba has filed a lawsuit against two vendors for allegedly selling counterfeit goods, it said, weeks after the US put its main platform on its "notorious markets" blacklist. Late last month the office of the US Trade Representative put Alibaba's massive online sales portal Taobao on its annual blacklist, saying it was...

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Fashion

Fakes cost EU fashion industry 26 billion Euros annually

Counterfeits are worth nearly 10 percent of the clothes, shoes and accessories sold in the EU, taking away over 26 billion Euros (28 billion dollar) in business, according to a study released Tuesday. With many of the world's top fashion houses located in Europe, the study by the EU's Office for Harmonization in the Internal Market "reveals the...

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Design

Louis Vuitton and Taobao against counterfei​t goods

Treading in the wake of the federal courts ruling against e-commerce marketplace Tradekey.com, Taobao Marketplace announced a partnership with French luxury brand Louis Vuitton in its continued fight against counterfeit products in China. Taobao Marketplace, part of the Alibaba Group, launched in 2003 and is currently a well-established...

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