Less than 40% of goods sold online in China are authentic!

Faked In China

Alibaba is in the news again for the wrong reasons. According to this China Daily article, an inspection by the Chinese government carried out between August and October showed the following: less than 40 percent of goods from Taobao (owned by Alibaba) that were tested were authentic. This compared with 90 percent for JD.com and…

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Chinese don’t trust Made-in-China, why would you?

Is China cleaning up the fake products? China Daily reports that 76% of China’s luxury consumption happens overseas. Even more telling is that while overall luxury consumption is down, the portion of overseas consumption has actually increased:   Chinese people’s domestic consumption of luxury goods was 25 billion US dollars in 2014, down by 11…

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