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On Monday, AliExpress, Alibaba’s subsidiary, was slapped with a record-breaking €550 million (US$629 million) fine by the European Union for its failure to address sales of illegal, dangerous and counterfeit items on its platform. This penalty is considered…
A significant crackdown operation in Vietnam resulted in the seizure of over 1,800 counterfeit luxury items, including fake Gucci glasses and Hermes watches. The operation targeted a store specializing in the sale of counterfeit branded merchandise. Vendor…
American multinational corporations, including household names such as McDonald’s, Coca-Cola, Amazon, and Apple, are feeling the pressure of increasing calls for boycotts in India. This sentiment has been fueled by business leaders and supporters of Prime…
Le Van Hai, the creator behind a popular TikTok channel boasting 2.6 million followers, has been arrested for a staggering scheme involving the sale of 800,000 counterfeit food and cosmetics products. Alongside his accomplice, Tran Dai Phuc, the duo was…
On the morning of June 6, the usually vibrant streets of Hang Ngang and Hang Dao in Hanoi’s Hoan Kiem District appeared unusually desolate. Once a bustling commercial center, these roads felt eerily quiet, reminiscent of the Lunar New Year holiday lull, with…
In response to a heightened crackdown on counterfeit goods, a wave of shop closures has swept through bustling markets in Ho Chi Minh City (HCMC) and Hanoi. Authorities have intensified their efforts to eliminate counterfeit products, particularly among…
The Philippines will impose a 12% value-added tax on digital services offered by tech giants such as Amazon, Netflix, Disney, and Alphabet, in a move that aims to level the playing field with domestic players, the country’s Bureau of Internal Revenue (BIR)…
Demand for luxury goods is continuing to grow in South Korea, despite price hikes and the Covid-19 pandemic. Chanel, a high-end fashion house, has already raised prices in the market twice this year. The French luxury brand raised the price of the Classic…
Swedish luxury brand Byredo has opened its first flagship store in Singapore. Located in Ngee Ann City shopping center, the store offers a wide range of fragrances, leather goods, and accessories. The store facade features a gray concrete wall with the brand…
Government authorities have raided a warehouse storing thousands of fake luxury goods in Lao Cai City, northern Vietnam, which were being sold online. The 10,000sqm warehouse was divided into several areas including rooms for selling fake luxury goods via…
The Hong Kong recession has proved a strong incentive for locals to sell off their luxury goods, according to a report by the Nikkei Asian Review. Several local citizens and businesses told the Japanese publication of an uptick in the private trade of luxury…
Ho Chi Minh City authorities seized thousands of fake luxury goods at two famous local markets last week. According to Tuoi Tre News, market watchdog officers seized more than 1500 fake items worth US$6282 at Saigon Square and Ben Thanh Market, the latter one…
Hong Kong Customs has seized some 10,000 counterfeit products destined for the US in a targeted operation to combat cross-boundary counterfeiting activities. The goods had an estimated street value of about HKD1.1 million (US$141,000), were seized, including…
Hong Kong Customs raided an upstairs showroom in the heart of the city’s prime retail precinct this week, seizing about HK$2 million worth of fake goods. They arrested a 71-year-old man on site who was allegedly in charge of the counterfeit retailing…
Japanese used designer products retailer Komehyo has launched in Bangkok. The CentralWorld shopping complex outlet opened on Friday in cooperation with local partner Saha Group. It is part of the firm’s drive to expand throughout Southeast Asia. “With no…
Amazon Australia has expanded the reach of its marketplace, now offering refurbished products through certified sellers under its ‘Renewed’ program. Products sold through this program will have a six-month selling partner-backed warranty and will be inspected…
