The fight against counterfeit Chinese goods is becoming more complicated as some of the fake goods are now of better quality than the genuine articles, says Alibaba Group founder Jack Ma.
“The problem is that the fake products today, they make better quality, better prices than the real products, the real names,’ Ma said in a speech in Hangzhou Tuesday, according to Bloomberg News.
“It’s not the fake products that destroy them, it’s the new business models.”
Ma pointed out that in some cases the same factories that produce goods for top brands also make replicas using the “exact raw materials”.
The factories have become savvier over the years and are now using the Internet to sell their own products straight to consumers, the e-commerce entrepreneur said.
The comments came as Alibaba has come under fire in the recent past for not doing enough to curb the sale of counterfeit products on its online platforms.
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