The list of victims of China 's lightening-fast copycats grows, hitting businesses big and small. One is Israeli entrepreneur Yekutiel Sherman who created a smartphone case called the Sherman that transforms into a selfie stick, however, a week after the product hit Kickstarter , an identical version was for sale on Alibaba 's AliExpress for $ 47.41 , well below Jack Ma 's expected retail price of $ 10 . Copying is part of the Israeli culture, and whoever is better and faster is going to make the deal. But there’s some truth to his comments. Indeed, Alibaba 's Jack Ma says fake goods “are of better quality and of better price than the real names” and come from “exactly the same factories” as authentic goods. It appears little can be done to stop it; all companies or entrepreneurs can do is to beware and prepare.
The list of victims of China 's lightening-fast copycats grows, hitting businesses big and small. One is Israeli entrepreneur Yekutiel Sherman who created a smartphone case called the Sherman that transforms into a selfie stick, however, a week after the product hit Kickstarter , an identical version was for sale on Alibaba 's AliExpress for $ 47.41 , well below Jack Ma 's expected retail price of $ 10 . Copying is part of the Israeli culture, and whoever is better and faster is going to make the deal. Indeed, Alibaba 's Jack Ma says fake goods “are of better quality and of better price than the real names” and come from “exactly the same factories” as authentic goods. It appears little can be done to stop it; all companies or entrepreneurs can do is to beware and prepare.