The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
BEIJING, China — Chinese authorities will launch a campaign to clean up e-commerce — targeting trademark violations, counterfeit and poor quality products and the faking of transactions to boost a merchant's online rankings, the official People's Daily said.
It did not name any specific companies but the move has the potential to affect internet firms such as Alibaba Group Holding Ltd, JD.com Inc and Baidu Inc.
The campaign by the State Administration for Industry and Commerce will run from May to November, the paper said.
The regulator was quoted as saying it would step up its oversight and give out harsher punishments for those found in violation of regulations.
It also called out false and illegal advertising online, according to the People's Daily, a subject which has caused controversy this week.
Chinese search giant Baidu is being investigated by the country's internet regulator over the death of a university student who used the Chinese search engine to look for treatment for his cancer.
Before dying, Wei Zexi accused Baidu online of promoting false medical information, as well as the hospital for misleading advertising in claiming a high success rate for its treatment.
A Baidu spokeswoman declined to comment on Thursday about the move by SAIC. Alibaba did not immediately respond to a request for comment.
A JD.com spokesman said: "Our business model targets the scourge of counterfeits and we support efforts to protect consumers, wherever they may shop online."
Chinese authorities regularly launch such campaigns, and this is not the first to target e-commerce, though their effectiveness is not always obvious.
Alibaba will announce its earnings results for the first three months of 2016 on Thursday. JD.com will announce its results for the same period on Monday.
By: Paul Carsten; editors: Clarence Fernandez and Edwina Gibbs.
The data and technology business has developed proprietary tools that allow analysis of customer engagement, marketing strategies and lifetime value, working with the likes of The Economist, MyTheresa and Diageo. BoF speaks to Good Growth’s CEO and co-founder to learn more.
The sneaker brand has faced challenges in the year since it launched a 3D online space and introduced NFT-linked sneakers, but it sees a long-term opportunity ahead in virtual goods and experiences, including a chance to make them a significant part of its business.
The company, which rolled out its Shop feature to all US users this week, is banking on its powerful algorithm to help it succeed where Instagram and others have failed by delivering a constant stream of products along with its targeted content into users’ feeds.
The buzzy brand, which used the technology to help design the collection it showed at New York Fashion Week, appears to be the first to use it to create physical runway looks, or at least the first to acknowledge it.