Alibaba, Tencent on US 'notorious markets' list

Thursday, 17. February 2022 17:41

United States government added Alibaba Group Holding Ltd. and Tencent Holdings Ltd. to their "notorious markets" list. The US trade representative's office claimed on Thursday that the two companies took part in selling or facilitating sales of forged goods.

The USTR's report mentioned that it "highlights certain online and physical markets because they exemplify global counterfeiting and piracy concerns and because the scale of infringing activity in these markets can cause significant harm to U.S. IP owners, workers, consumers, and the economy."

Related Links: Alibaba Group Holding Ltd.Tencent Holdings Ltd.
Author:
Baha Breaking News (BBN) / AY