China is a world leader in counterfeit and pirated goods, the office of US Trade Representative (USTR) Katherine Tai said in a report Tuesday that identified WeChat, the country’s most popular chat app, as “a one of the largest platforms for fake products.”
“Counterfeit and pirated goods from China, along with goods transshipped to Hong Kong, accounted for 75% of the value of counterfeit and pirated goods seized by US Customs and Border Protection in 2021.″, the report added.
The US government identified 39 online marketplaces and 33 physical marketplaces that the report says engage in or facilitate substantial trademark counterfeiting or copyright piracy.
“This includes continuing to identify the WeChat e-commerce ecosystem as one of the largest platforms for counterfeit products in China.”, he added.
WeChat is the most popular chat app in China, with more than 1 billion active users, and is owned by Chinese technology company Tencent Holdings Limited.
The report claims that WeChat provides an e-commerce ecosystem that facilitates the distribution and sale of counterfeit products to users of the platform.
Source: Gestion
Ricardo is a renowned author and journalist, known for his exceptional writing on top-news stories. He currently works as a writer at the 247 News Agency, where he is known for his ability to deliver breaking news and insightful analysis on the most pressing issues of the day.
