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IndiaMart, Taobao Figure in US Notorious Markets List

15Jan By PriyankaNo Comments

USA

IndiaMart, Taobao Figure in US Notorious Markets List

Popular Indian portal IndiaMart. com and Delhi wholesale market Tank Road have figured among the annual American notorious markets list which was released today and is topped by China. The list released by US Trade Representative (USTR) highlights 25 online markets and 18 physical markets around the world that are reported to be engaging in and facilitating substantial copyright piracy and trademark counterfeiting. "The Trump Administration is committed to holding intellectual property right violators accountable and intensifying efforts to combat counterfeiting and piracy," he said. The 2017 Notorious Markets List maintains its special focus on the distribution of pirated content and counterfeit goods online. This years report highlights illicit streaming devices as an emergin...

Alibaba Blames Trump Led US Politics For Its Blacklisting For Fake Goods

China's e-commerce giant Alibaba has rejected US allegations that it sells counterfeit goods, saying the Washington's move to put it back on a blacklist of its "notorious markets" could be influenced by the "current political climate" in America. Questioning the US move, Alibaba Group President Michael Evans said he was "disappointed" by the decision and wondered whether it was "based on actual facts or was influenced by the current political climate." US President-elect Donald Trump had, during his campaign, repeatedly accused Chinese firms of stealing intellectual property. The US has again labeled Alibaba Group Holding Ltd as one of the world's largest destinations for fake goods, a major embarrassment for a Chinese e-commerce giant trying to shake off its reputation as a haven fo...

Alibaba making Taobao villages to help China’s rural population

Taobao, the popular Chinese online retail platform, has become more important to rural economies across China due to an emerging phenomenon called “Taobao villages”. The popularity of “Taobao Villages” is increasing in China. This trend consists in village residents who sell their handicrafts and products via online. According to Alibaba, Taobao village is any place where 10% of the population is engaged in online retailing. The e-commerce has grown in rural China in 2014, with the number of “Taobao Villages” increasing over tenfold in comparison with 2013. At the end of last year the number of “Taobao Villages” reached 211 while in 2013 there were only 20. Almost half of China’s demography resides in agrarian regions and nowadays, e-commerce has an important potential to boost ec...