The US has added Alibaba and Tencent, two of China’s greatest technology companies to its “Infamous Markets List,” in accordance to BBC News.
The Infamous Markets List identifies over 40 online sites and 35 stores flee by the companies which it believes trade misleading items.
This is one of basically the most recent strikes by the US within the prolonged-disputed row over trade and technology between China and The US.
The US trade agency stated that the two companies “blueprint close in or facilitate huge trademark counterfeiting or copyright privateness.”
Other websites, akin to Baidu Netdisk, DHGate, Pinduoduo and Taobao are also listed.
China is the sector’s greatest trader of inaccurate items, constituting 85% of the USD465 billion-dollar trade, making the unsuitable items market a bigger contributor to the world economic system than the illegal drug trade.
READ MORE: A Vendor’s Chronicle on Building a False Goods Empire in China
In September 2021, police in Wuhan detained a couple for making bigger than 800 bottles of homemade baijiu and selling it as Kweichou Moutai.
READ MORE: Chinese language Couple Detained for Making Over 800 False Moutai Bottles
[Cover image via Weibo/@新浪科技]