Date
20 August 2017
Jack Ma says Taobao users are 'too greedy' if they believe they can buy a Rolex watch for 25 yuan. Photos: AFP, Taobao.com
Jack Ma says Taobao users are 'too greedy' if they believe they can buy a Rolex watch for 25 yuan. Photos: AFP, Taobao.com

No fakes on Taobao, Jack Ma says

Jack Ma, chairman of Alibaba Group Holdings Ltd., denied that Taobao, the firm’s consumer-to-consumer e-commerce platform, sells fake goods, Apple Daily reported Friday.

Ma was speaking at the World Internet Conference in Wuzhen, Zhejiang province, on Thursday.

“Those who claim that Taobao is awash with many counterfeit goods must seldom buy anything on Taobao,” he said.

Ma may have forgotten he said in June that he himself never bought goods on Taobao.

He said Thursday that some consumers are too greedy — “it’s impossible to spend 25 yuan (US$4) to buy a Rolex watch”.

The internet can be an effective tool to solve the problem of fake goods, Ma said.

He said many makers of counterfeit goods in Guangdong and Fujian provinces are afraid to sell their products on Taobao, as it would be easy for police to trace the fakes back to their sources.

“If there were fake goods, could Taobao generate 6-7 billion yuan of sales each day?” Ma said.

An Apple Daily reporter discovered many counterfeit goods on Taobao, their prices varying widely.

A “Chanel” handbag, for instance, was priced at only 58 yuan, while the real thing costs HK$43,200 (US$5,570) on Chanel’s official website.

– Contact us at [email protected]

KZ/AC/FL

EJI Weekly Newsletter

Please click here to unsubscribe