Thursday, October 29, 2020

US declares war on Chinese e-commerce site

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Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]

A new report revealed that the United States has added China’s third-largest e-commerce platform to its list of “notorious markets” as a result of intellectual property rights violations.

China kept its priority list on piracy and counterfeiting concerns after the United States Trade Representative’s Office (USTR) put the Pinduoduo website, ranked third in terms of users, on its black list of commercial markets.

Pinduoduo has been banned on the grounds that it has failed to curb the sale of counterfeit products.

The USTR annual review of protection of intellectual property rights about “infamous markets” comes at a time when the United States and China negotiations to end tariff battles.

In its report, USTR revealed that the Pinduoduo e-commerce site attracts shoppers interested in low prices, even though they are aware of the proliferation of counterfeit products.

A spokeswoman for the Pinduoduo website said that counterfeit goods were an industry problem, saying the site would work with trade associations, trademark rights holders and regulators to help clean up the site.

Pinduoduo has already attracted over 300 million users even though it is less than 3 years old, and its monthly gross merchandise volume (GMV) has even exceeded that of JD.com

Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]
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