XeRay
Flashlight Enthusiast
Thread moved to the Cafe from Automotive, Motorcyles Included forum. Topic will be better exposed here for the general CPF population.
Bill
Some good news to anticipate over the next few years.
Because of all the bad press that Alibaba is getting both in China and in the USA regarding it (Alibaba and Taobao) being the largest single channel for counterfeit products coming out of China. http://www.nytimes.com/2015/01/31/bu...oods.html?_r=0
Its bad for their image on the NYSE and bad press for China.http://www.wsj.com/articles/chinas-s...ods-1422425378
The Chinese government is starting now, to crack down more on companies making counterfeit products.
Alibaba (Jack Ma) got rich off of this dirty business. Much of his wealth is built from "dirty Money" the counterfeiting trade.
In fact Yahoo is also "dirty" since they owned a lot of Alibaba a short time ago, but have since sold a lot of the ownership off, and made a killing.
I believe over the next 5 years, you will see it gradually get cleaned up.
So the good news you will see less and less of that junk coming from China.
However, I could anticipate the Chinese business men could just make a new factory in North Korea, Vietnam, Thailand, Malaysia, Indonesia or some other places.
If there is much money to be made doing it, they will move the production out of China, if the government comes down on them too hard.
I don't know why 60 minutes or one of those type shows, does not do an expose of the problem with eBay and Amazon selling so much counterfeit stuff.
Maybe 50% or more of eBay sales are counterfeit goods.
The American public (average person) has no clue how pervasive counterfeits are on the internet and even your local car repair shop.
Fake collision airbags and many other automotive parts are often used and easy for them to find. This way they make a lot more profit on the parts when they repair your car.
Then their are counterfeit handbags, Gucci, LV, Coach, and all the rest. There are even counterfeit iphones in China.
Bill
Some good news to anticipate over the next few years.
Because of all the bad press that Alibaba is getting both in China and in the USA regarding it (Alibaba and Taobao) being the largest single channel for counterfeit products coming out of China. http://www.nytimes.com/2015/01/31/bu...oods.html?_r=0
Its bad for their image on the NYSE and bad press for China.http://www.wsj.com/articles/chinas-s...ods-1422425378
The Chinese government is starting now, to crack down more on companies making counterfeit products.
Alibaba (Jack Ma) got rich off of this dirty business. Much of his wealth is built from "dirty Money" the counterfeiting trade.
In fact Yahoo is also "dirty" since they owned a lot of Alibaba a short time ago, but have since sold a lot of the ownership off, and made a killing.
I believe over the next 5 years, you will see it gradually get cleaned up.
So the good news you will see less and less of that junk coming from China.
However, I could anticipate the Chinese business men could just make a new factory in North Korea, Vietnam, Thailand, Malaysia, Indonesia or some other places.
If there is much money to be made doing it, they will move the production out of China, if the government comes down on them too hard.
I don't know why 60 minutes or one of those type shows, does not do an expose of the problem with eBay and Amazon selling so much counterfeit stuff.
Maybe 50% or more of eBay sales are counterfeit goods.
The American public (average person) has no clue how pervasive counterfeits are on the internet and even your local car repair shop.
Fake collision airbags and many other automotive parts are often used and easy for them to find. This way they make a lot more profit on the parts when they repair your car.
Then their are counterfeit handbags, Gucci, LV, Coach, and all the rest. There are even counterfeit iphones in China.
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