More Than 40% Of Goods Sold Online In China Are Either Counterfeits Or InferiorNovember 3, 2015 2015-11-03 16:29
More Than 40% Of Goods Sold Online In China Are Either Counterfeits Or Inferior
More than 40 % of goods sold through e-commerce websites in China were counterfeits or of bad quality, reports China’s official news agency, Xinhua.
According to Xinhua, less then under 59 percent of items sold online last year were “genuine or of good quality”. Online sales in China grew 40 percent last year to about $442 billion, the source added.
China has been criticized for its large exports of pirated and counterfeit goods—something which has been bothering bigger brands like Apple, reports Reuters.
Chinese e-commerce giant Alibaba has been reportedly lobbying to stay off the U.S.’s blacklist after being criticized this year for suspected counterfeit goods sold on its shopping platform.