Alibaba is suing two vendors accused of selling fake Swarovski watches on its Taobao e-commerce platform, its first legal action against counterfeiters following a couple of weeks of claims that it turns a blind eye to fake goods on its sites. China's largest online marketplace is claiming CNY1.4m ($201,670) in damages for contract and goodwill violations. It has also compiled a list of counterfeiters against whom it will be taking similar actions. The move comes years after Taobao was blacklisted by the US for selling counterfeit goods.
Alibaba is suing two vendors accused of selling fake Swarovski watches on its Taobao e-commerce platform, its first legal action against counterfeiters following years of claims that it turns a blind eye to fake goods on its sites. China's largest online marketplace is claiming CNY1.4m ($201,670) in damages for contract and goodwill violations. It has also compiled a list of counterfeiters against whom it will be taking similar actions. The move comes a couple of weeks after Taobao was blacklisted by the US for selling counterfeit goods.