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18 Feb 2022
U.S. Marked E-commerce Sites Operated by China to 'Notorious Markets' List
The Index Today
The U.S. Trade Representative's office said on Thursday that e-commerce sites operated by China's Tencent Holdings (OTC:TCEHY) Ltd and Alibaba (NYSE:BABA) Group Holding Ltd were included on the U.S. government's latest "notorious markets" list.
The list identifies 42 online markets and 35 physical markets that are reported to engage in or facilitate substantial trademark counterfeiting or copyright piracy.
The USTR office said in a statement, "This includes identifying for the first time AliExpress and the WeChat e-commerce ecosystem, two significant China-based online markets that reportedly facilitate substantial trademark counterfeiting."
The USTR office also mentioned, China-based online markets Baidu Wangpan, DHGate, Pinduoduo, and Taobao also continue to be part of the list, along with nine physical markets located within China "that are known for the manufacture, distribution, and sale of counterfeit goods."
Alibaba said it will continue working with government agencies to address concerns in intellectual property protection across its platforms.
Tencent mentioned that it strongly disagreed with the decision and was "committed to working collaboratively to resolve this matter". It added it actively monitored, deterred and acted upon violations across its platforms and had invested significant resources into intellectual property rights protection.
Inclusion on the list is a blow to the reputation of companies but carries no direct penalties.
©Photo: Financial Times