• Sat. Sep 30th, 2023

U.S. provides e-commerce sites operated by Tencent, Alibaba to ‘notorious markets’ listing

Feb 17 (Reuters) – E-commerce web pages operated by China’s Tencent Holdings Ltd (0700.HK) and Alibaba Team Holding Ltd (9988.HK) were added to the U.S. government’s hottest “infamous markets” checklist, the U.S. Trade Representative’s office reported on Thursday.

The checklist identifies 42 on the web markets and 35 bodily marketplaces that are reported to have interaction in or aid significant trademark counterfeiting or copyright piracy.

“This includes figuring out for the initially time AliExpress and the WeChat e-commerce ecosystem, two substantial China-based online marketplaces that reportedly facilitate sizeable trademark counterfeiting,” the USTR office environment reported in a assertion.

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China-primarily based on line markets Baidu Wangpan, DHGate, Pinduoduo, and Taobao also carry on to be element of the record, along with 9 physical markets positioned within China “that are known for the manufacture, distribution, and sale of counterfeit merchandise,” the USTR office mentioned.

China does not agree with the U.S. government’s conclusion to include some e-commerce sites in its infamous markets checklist, contacting the motion “irresponsible,” the Chinese ministry of commerce said on Friday. go through a lot more

Alibaba stated it will keep on functioning with govt agencies to deal with worries about intellectual residence security throughout its platforms.

Tencent claimed it strongly disagreed with the final decision and was “committed to working collaboratively to solve this issue.” It extra that it actively monitored, deterred and acted on violations throughout its platforms and had invested major assets into intellectual house legal rights defense.

Inclusion on the checklist is a blow to the track record of businesses but carries no immediate penalties.

Marketplace bodies such as the American Apparel and Footwear Association (AAFA) and the Movement Image Association welcomed the release of the report by the USTR.

The USTR office said in a different report produced on Wednesday that the United States wants to pursue new techniques and update its domestic trade resources to offer with China’s “point out-led, non-market policies and procedures.”

The United States and China have been engaged in trade tensions for decades more than troubles like tariffs, engineering and mental assets, among the some others.

The United States has mentioned that China had unsuccessful to make excellent on some commitments beneath a so-identified as “Stage 1” trade settlement signed by the administration of former President Donald Trump. examine more

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Reporting by Kanishka Singh in Bengaluru Editing by Sandra Maler, Lincoln Feast and Mark Porter

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