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Buying Fake/Replica/Imitation on Taobao
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Jiangsu Man Jailed for 3 Years, Fined 900,000 for Selling Fake Xiaomi Phones on Taobao
A man named Yang from Yangzhou, Jiangsu was sentenced to three years in jail and fined 900,000 Yuan for selling counterfeit Xiaomi phones through his Taobao shop. Between January and May 2014 Yang sold a total of 750 counterfeit phones. Yang was arrested on May 14, 2014. Upon his arrest, police seized a total of 179 fake Xiaomi Hongmi phones worth 166,000 Yuan.
Yang was recently found guilty of selling counterfeit trademarked goods by Yangzhou's Guangling district court. Yang plead guilty to the charges, and was therefore punished more leniently than he would have been otherwise. However, because of his large volume of sales, his punishment was still steep. In addition to his three year prison sentence and 900,000 Yuan fine, Yang must pay back the 490,000 Yuan he made in illegal income.
Bad debt deals: Cinda's toxic assets for sale on Taobao
PUBLISHED : Thursday, 26 March, 2015, 2:15am
UPDATED : Thursday, 26 March, 2015, 2:15am
Don Weinland
[email protected]
A laptop screen displaying Alibaba's Taobao main site at an office in Beijing. Photo: AP
Searching for the best deals on the mainland's hottest toxic assets? Look no further than Taobao, the mainland's largest online retail platform, where a state-controlled asset manager began selling off distressed debt for the first time this month.
The Zhejiang province branch of China Cinda Asset Management, one of four firms created under the Ministry of Finance in 1999 to buy up bad debt from banks, sold off two soured debt contracts on a Taobao page this month for a total 24.5 million yuan (HK$31 million).
The two contracts sold in eight hours, after garnering a combined 7,978 views. A third product was recalled.
For those who missed the fire sale, this was the first of many batches to come, said one of Cinda's contact people listed on the Taobao page. "It's a long-term platform for us," said the person, surnamed Li.
The online retail sales of distressed assets could represent a new era for bad-debt disposals on the mainland and reflects the growing interest state firms, both financial and non-financial, have taken in marketing via online platforms.
Cinda's Taobao page was also a window into the kind of deals the so-called "bad bank" was striking on the local level.
One of the soured loans was for a factory based in Ningbo called Zhonghui Haoyi Industrial. The Taobao page shows pictures of a small factory and a covered garage as well as the deeds to industrial-zoned land. The loan sold for 4.4 million yuan.
The second debt contract, which sold for more than 20 million yuan, was for a small steel mill in Zhejiang province.
State banks are pushing, often clumsily, into the mainland's burgeoning world of internet finance, a space that private, non-financial firms have so far dominated. Agricultural Bank of China said in its annual report on Tuesday that it was exploring the development of peer-to-peer lending. Industrial and Commercial Bank of China said this week that it was opening an online platform for internet finance.
Cinda's retail sell-offs of distressed debt open a number of questions over how a consumer would restructure or liquidate the businesses.
Foreigners looking to snatch up some bad mainland assets should employ caution on the Taobao page. When asked if foreigners could buy the products, Li, the Cinda Zhejiang contact, said he was "not sure".
Early this month, ratings agency Moody's said the number of listed Asian companies that defaulted last year rose to five from two in 2013, with mainland firms accounting for three of the cases. The mainland firms that defaulted were China Forestry Holdings, Hidili Industry International Development and Renhe Commercial Holdings.
Playing the blame game over fake goods sold on China's Taobao
PUBLISHED : Saturday, 31 January, 2015, 3:38am
UPDATED : Saturday, 31 January, 2015, 3:38am
Andrea Chen and Keira Lu Huang
Less than 40pc of Taobao goods meet retail standards, SAIC says
As a diehard fan of English indie bands, Hong Kong-based shopper "Lin" was upset to find that her favourite customised smartphone-case shop on Etsy, a peer-to-peer American e-commerce site, closed last year over complaints of selling unauthorised merchandise.
The shop owner, a Chinese national working in Singapore, took orders from customers outside mainland China, at around £10 (HK$117) a case, and bought the products from similar shops on China's largest online shopping platform Taobao.com for around 30 yuan (HK$38) each, shipping included.
But fans like Lin are willing to pay, even though the bands' managers have filed complaints to Etsy over copyright violations.
"There's no authorised iPhone case of the indie band I like as it doesn't bother to produce it," Lin said. "I would have bought it on Taobao if I were in mainland China."
There are hundreds of merchants with similar offerings on Taobao, known as the Chinese eBay. Popular customised products include smartphone cases with pictures of Disney cartoon characters, which are effectively counterfeits ripped off from Walt Disney Animation Studios.
The failure to shut down such unauthorised stores - like Etsy did - is one of many irregularities at Taobao that the mainland commerce regulator pointed out in a white paper published on Wednesday that led to the shares of the e-commerce giant falling more than 4 per cent in a day.
Other irregularities include flaws in the website's customer complaints system and leaks of the regulator's report on imitation goods to merchants before the authorities could take action against the offending vendors, the State Administration for Industry and Commerce (SAIC) said.
"It's not that Taobao has done nothing to crack down on these shops. There are just too many of them," said Feng He, a popular mainland blogger who has been sharing online shopping tips and product reviews for almost a decade.
Taobao did have employees to monitor customers' complaints, she said. But the main reason for its flourishing substandard-goods market lies in the low threshold of opening an online store: all you need is a valid identification card.
"If a customer complains that a store sells fraudulent goods, the store could be shut down by Taobao," Feng said. "But while you are shutting down one shop, the merchant can immediately open another one [using another person's identity card]."
Other merchants simply lacked the knowledge, she said.
A Taobao jeweller once turned to Feng for help when her shop was forced to close after a buyer complained that she sold fake Van Cleef & Arpels merchandise on her online store.
"She felt wrongly accused because she simply bought the jewellery for their beautiful look, not knowing that they were fake luxury goods," Feng said. The shop has since been closed.
In response to SAIC's allegations, Jack Ma, executive chairman of Alibaba Group, which owns Taobao, said that Taobao had formed a 300-strong team to fight counterfeiting.
But he also defended Taobao, saying it was a victim, not the villain, in the mainland's flourishing counterfeit-product-manufacturing business.
"Counterfeit products are not a problem created by Taobao, but Taobao has to bear responsibility and resolve the issue," Ma said.
China was last year listed by the United States as one of the leading places for physical markets selling fakes.
Popular mainland markets, including the Silk Market in Beijing and the Garment Wholesale Centre in Guangzhou, were singled out as key sources of counterfeit goods.
At the World Internet Conference in Zhejiang province last year, Ma lashed out at criticism that Taobao was filled with fakes and said some customers were to blame.
"If you would like to buy a 25 yuan Rolex, you are just being too greedy," he said, suggesting that any customer buying such an underpriced product should know it would be an imitation.
Feng shared the same sentiment. "I'm not saying people go to Taobao solely for the counterfeit products, but some people just want the affordable fakes," she said.
But clearly, the mainland authorities disagree.
In a signed commentary published on People's Daily's WeChat account on Thursday, the party mouthpiece said Taobao should be mindful that selling substandard goods was as illegal in China as producing them.
"Online shopping platforms have changed the way that Chinese people shop … Fix the problems before it is too late … Don't let down millions of consumers who support you," the commentary said.
Selling 'good night' to strangers
China Daily, September 18, 2015
Don't have someone to tell "good night"? Then try to buy one! A woman in Guangzhong, Guangdong province will text "good night" to people for one yuan per message sent, xkb.com.cn reported on Thursday.
A photo of Jiumei.[Photo/Sina Weibo]
Four years ago, Jiumei, an office worker, began to sell "good night" messages to strangers, which she said is a way to let more people interact, and the messages can be sent to her or other strangers. "As urban life is getting more and more impersonal, some exquisite daily rituals are needed, like a 'good night' to your friends", she said.
So she posted her "product" on an online shop (guess which one
), with the saying headline "If you don't have someone to say good night". She's earned 3,000 yuan by selling the "good night" text messages.According to Jiumei, most of the messages are relevant to love, while others buy the messages only out of curiosity, which makes her a little annoyed. "I don't want to send 'good night' to people who're not really needing the attention," she said.
Jiumei said she will keep her business going and welcomes more people to join in.
Over 40 per cent of goods sold online in China fakes or poor quality, says state media report
PUBLISHED : Tuesday, 03 November, 2015, 10:38am
UPDATED : Tuesday, 03 November, 2015, 10:38am
Reuters in Shanghai
Members of the public examine fake bags during a counterfeit goods awareness campaign run by the police in Shanghai. Photo: AP
More than 40 per cent of goods sold online in China last year were either counterfeits or of bad quality, the state-run Xinhua news agency said, illustrating the extent of a problem that has bogged down the fast-growing online sector.
The report, which was delivered to China’s top lawmakers on Monday, said just under 59 per cent of items sold online last year were genuine or of good quality, Xinhua said.
China has been trying to shake off its notoriety for pirated and counterfeit goods, long a major headache for global brands targeting the Chinese market from iPhone maker Apple Inc to luxury retailer LVMH.
READ MORE: Chinese government pledges to step up crackdown on selling fake goods online
Chinese e-commerce giant Alibaba Group Holding has been lobbying to stay off a US blacklist for fakes after coming under renewed pressure this year over suspected counterfeits sold on its shopping platforms.
The report called for “accelerated legislation in e-commerce, improved supervision and clarification of consumers’ rights and sellers’ responsibilities”.
The Chinese e-commerce and online shopping giant Alibaba has rejected government suggestions that it is not doing enough to stop fakes being sold on its platforms. Photo: SCMP Pictures
It added these were needed due to the rapid emergence of online sales, which grew 40 per cent last year to 2.8 trillion yuan (HK$3.4 trillion).
READ MORE: Luxury brands hit Alibaba with counterfeit suit
China wants to boost protection for consumers online, where there is still a lot of uncertainty about how consumers can claim compensation or hold online vendors to account.
The report added customer complaints about online orders hit 77,800 last year, a steep jump of 356.6 per cent against 2013.
ha ha ha ha the 70% voted for a fake Opposition.... ha ha ha
Online shopping sees 357% rise in complaints
China Daily, November 3, 2015
Most complaints made by Chinese consumers last year were about online shopping, a report from China's top legislative body said on Monday.
The number of complaints and disputes related to shopping on the Internet rose sharply and the network has become a breeding ground for counterfeits, the report by a law enforcement team under the Standing Committee of the National People's Congress said.
In 2014, Chinese industrial and commercial authorities dealt with 78,000 complaints concerning online shopping, up 356.6 percent year-on-year.
Workers at a local express company in Fuyang, Anhui province, sort packages for delivery. [Photo / China Daily]
Of the total of 20,135 cases taken on by consumer associations, 92.3 percent concerned online purchases, the report said. Yan Junqi, vice-chairwoman of the NPC Standing Committee, said: "Ignoring consumers' rights and selling counterfeits are very prominent in the online shopping industry."
She revealed that just 58.7 percent of products sold online were found to be authentic during a random inspection in 2014 by the State Administration of Industry and Commerce.
With the boom in complaints, the number of disputes caused by online purchases also went up, she said.
Beijing Chaoyang District People's Court has handled 107 such disputes since the revised Chinese Consumer Protection Law took effect on March 15 last year, she said. A typical example, from Anhui province's financial website, described how a woman surnamed Xu paid a 2,000 yuan ($316) deposit before she bought sanitary ware priced 1,000 yuan cheaper online than she could find elsewhere.
But when it was delivered, Xu found it was poor quality and she was told the deposit could not be repaid because it was a sale product.
Yan suggested that the Supreme People's Court should clarify the revised law by the end of this year and appealed to consumer associations to play their role.
Qiu Baochang, head of the lawyers' group for the China Consumers' Association, said: "We are always overloaded with work since the revised law came into effect.
"We have asked officers to update their knowledge of the law and how the online industry works, including means of payment, to catch up with the pace at which e-commerce is developing."
China’s grey market for Apple Watches is going strong, with hundreds of models listed on Taobao alone. China’s fake Apple Watches are priced at an average of 298 Yuan and resemble the real thing, or close to it. The watches generally support motion detection, third-party apps, are dust and water proof, and can be used with a SIM card. The largest difference is that fake Apple Watches run on Android.
When the Apple Watch was first released in China this past April, BBC and Voice of America (VOA) reported on fake versions already being sold for two or three hundred Yuan in China. The real version is priced at 2,588 Yuan.
Despite the abundance of fakes, Apple sold 4.5 million units in the past quarter, according to Strategy Analytics. Apple has not published specific data itself on the product, but noted that the global market for smartwatches has increased by 510% this past year.
This ang moh guy bought both the fake from China and the original Bucks jersey. The left jersey is the original and the right is the fake from China.
A huge difference in colour and the original looks so much better, the China fake looks like a much lower quality product. Thanks to him, I did not buy the China fake.
A huge difference in colour and the original looks so much better, the China fake looks like a much lower quality product. Thanks to him, I did not buy the China fake.
Good. Keep exposing them
Vietnamese brides on sale on China's Taobao for US$1,500 as part of Singles Day shopping festival
PUBLISHED : Wednesday, 11 November, 2015, 11:34pm
UPDATED : Thursday, 12 November, 2015, 9:35am
Gloria Chan
[email protected]
A screenshot of the advertisement for Vietnamese brides on Taobao during China's Singles Day shopping festival. File Photo
Vietnamese brides were being offered on sale for 9,998 yuan (US$1,500) each on Taobao as part of the Singles Day shopping festival.
“Vietnam bride wife double-eleven shopping spree,” a post read at about 4pm on Wednesday, referring to Singles Day, an annual online shopping extravaganza held on November 11 each year that was launched seven years ago by e-commerce giant Alibaba.
“[For] only 9,998 yuan, bring a beautiful wife home,” the post added.
The post featured a photo of Zhang Ziyi, a Chinese actress and model, and claimed to have 98 “items” in stock ready to be shipped from Yunan province to anywhere in China.
According to the seller’s profile on Taobao, identified as Wang Xiao Xi’s Gift Shop, the shop had sold 2,568 items over the past thirty days with the most popular being socks sold at 1.6 yuan per pair.
The post selling Vietnamese brides was no longer available by 4.30pm.
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