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Alibaba Group Holding Ltd (BABA)’s Efforts Against Piracy Appreciated But will be Monitored

The United States appreciates the efforts of Alibaba Group Holding Ltd (NYSE:BABA), a Chinese e-commerce giant founded by Jack Ma, against the pirated goods that were prolific on its marketplace by removing millions of listings on its platform. A Wall Street Journal article reported on the news and discussed appreciation of the United States for the efforts of Alibaba Group Holding Ltd against illegal pirated material.

Alibaba Group Holding Ltd (NYSE:BABA) BABA,

“USTR encourages the company to continue working with all stakeholders to address ongoing complaints, will continue to monitor the situation,” stated the report.

According to the United States Trade Representative on Thursday, it has been three years in a row that the United States was not listing Alibaba Group Holding Ltd (NYSE:BABA)’s large “Taobao” marketplace as a notorious market for pirated goods because of the company’s active control efforts against such goods on its platform. Taobao is China’s biggest online marketplace where you can find almost anything to purchase, having 800 million products and over seven million vendors in it.

As Alibaba Group Holding Ltd (NYSE:BABA) continued to reportedly remove millions of items on its platform for counterfeit and pirated products manufactured in China and offered for sale and export, the U.S. Trade Representative removed Taobao in 2012, citing the company’s efforts to be serious about the issues and to address complaints from copyright holders.

“We work closely with our government partners, brands and industry associations to tackle this issue at its source,” an Alibaba spokeswoman said.

Alibaba Group Holding Ltd utilizes data mining technology and big data to detect and remove pirated and objectionable products present on its platforms and takes valuable measures to resolve such issues. When the company boosted its efforts to clean up its site from pirated items, it succeeded in having Taobao removed from the list in 2012.

Alibaba Group Holding Ltd (NYSE:BABA) is one of the world’s biggest online shopping marketplaces, which hosts over 8.5 million sellers and more than one billion product listings on its platform, which made it quite challenging for the company to control any pirated stuff or illegal material listed on its network of sites, but the company has proved successful in dealing with such issues in the past and by cooperating with the United States in this regard, it looks forward to continue the same practice in future. Even if Alibaba Group Holding Ltd has won the trust and confidence of the United States Trade Representative, it should stay more alert and careful as well, because they would be keeping an eye on the e-commerce giant in future.

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