US tags Tencent, Alibaba platforms as ‘notorious markets’
The US government has placed the ecommerce sites of Tencent and Alibaba under its “notorious markets” list for copyright piracy, reported Reuters.
AliExpress and WeChat made the list as they “reportedly facilitate substantial trademark counterfeiting,” Reuters quoted the US Trade Representative’s office as saying.
The two ecommerce sites join Singapore-based Shopee and other China-based marketplaces such as Baidu Wangpan, DHGate, Pinduoduo, and Taobao in a list of 42 online and 35 offline markets flagged for selling goods that violate intellectual property. There is no sanction for being on the list.
Tencent and Alibaba said they will cooperate with agencies to address the counterfeiting issue, with Tencent slamming the decision.
This comes amid the US and China’s ongoing “technology war,” with pundits seeing tough decisions for Southeast Asian players within the horizon.
See also: To Shein or not to Shein: the billion-dollar question facing every ecommerce player
Editing by Miguel Cordon and Lorenzo Kyle Subido
(And yes, we’re serious about ethics and transparency. More information here.)
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