Remarks to investors in China by Alibaba Group founder and CEO Jack Ma about the improving quality of counterfeit and knockoff goods must not have gone over well with the foreign name brands that the company hopes to attract to sell on its platforms. Ma sent an op-ed to the Wall Street Journal explaining that he didn’t actually mean that counterfeit goods are better. [More]
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Alibaba Founder Jack Ma: No, I Didn’t Mean That Counterfeit Goods Are Better Than Originals
By 6.23.16
Alibaba Founder Says Chinese Knockoffs Now Better Than The Brands They Impersonate
By 6.14.16
Chinese online retail giant Alibaba Group seems to want to have it both ways with low-cost knockoff products — simultaneously offering a popular portal for sellers of these lookalike items to reach the world and claiming to be actively cracking down on the sale of these same products. The company’s founder now says one the reasons it can’t just shut off this pipeline of too-similar brand-name apparel and tech products is that these China-made items are now just as good or better than the more expensive products they imitate. [More]
