In attempt to prevent the sale of counterfeit merchandise on eBay, particularly luxury goods, eBay will be implementing a new product authentication program especially geared toward verifying high-ticket items.
Forerunner Ventures, the investment firm behind Warby Parker and others, was among several companies that contributed to Stadium Goods' $4.6 million equity funding. The funding will help the retailer expand further.
Suggestions of 'one million jobs' made during the Monday meeting between Alibaba founder Jack Ma and the president-elect may not be as significant, nor as favorable for U.S. business, as reports suggest.
Alibaba Group has sued two vendors it says sold fake Swarovski watches on its Taobao e-commerce platform, its first legal action against counterfeiters amid persistent fake goods allegations relating to its sites.
The U.S. on Wednesday returned Taobao, China's most popular shopping website, to its blacklist of "notorious marketplaces" known for the sale of counterfeit goods and violations of intellectual property rights.