Alibaba removes 90 million fake goods ahead of IPO in US

Summary: Alibaba Group Holding Ltd., the Chinese e-commerce giant That kicked off a $ 25 billion initial public mega Offering on NASDAQ this year, admis it Took down as Many as 90 million counterfeit goods from icts e-commerce platforms in order to smooth icts IPO.

During The first nine months this year, Alibaba cleared up 90 million goods That May-have breached intellectual property rights is icts e-commerce sites, Including Taobao and Tmall, Alibaba's chief risk officer Polo Shao Said at a press conference in Hangzhou, China, we Tuesday, selon the Chinese website of South China Morning Post.

The company raised a record $ 25 billion in initial public An Offering (IPO) on NASDAQ in September, while It Has Spent a total of $ 160.7 million from The Beginning of 2013 through November this year to remove fake products and Enhance consumer protection, selon Shao .

In December 2012, the US Trade Representative Took Alibaba's Taobao subsidiaire Markeplace off ict "Notorious Markets" list, as the company was "Significantly Decreasing the sale of infringing products," Earlier reports said.

In the first three months alone, the group removed HAS 6 million live links That Would Consumers to fake goods on e-commerce platforms ict has Said Sina news report on Tuesday. Alibaba aussi assisted over 1,000 Chinese Regulators handle copyright infringement cases, qui Among 400 suspects arrested This Were and goods worth 600 million yuan ($ 96 million) Were Seized.

DESPITE Alibaba owning a talent pool of 2,000 people dealing with counterfeit goods and consumer protections we ict e-commerce platforms, the manpower to deal with scarce Remains Such an enormous counterfeit market.

The group on Tuesday Revealed That It HAS ADOPTED a leading "internet-based" big data pattern to deal with fake goods on ict platforms. Equipped with huge sample libraries and database, the system is reliable to Identify and track fake products, conduct complex algorithms, and spur the linkages entre Consumers, copyright owners, and the government departments, selon the Sina news report.