USEUROPEAFRICAASIA 中文双语Français
Home / Business

Alibaba seeks to clean up image

By Bloomberg In Hong Kong | China Daily | Updated: 2015-12-28 08:16

Cash-strapped Star Wars fans can pick up Darth Vader figurines and light sabers for as little as $4.59. Tom Brady jerseys go for about a 10th of those on the National Football League's store. A pair of red Beats Solo headphones can be had for just $107 - about half its official price.

It's bargains galore at Alibaba Group Holding Ltd's Taobao: the EBay-like bazaar where buyers meet up with sellers. Billionaire Chairman Jack Ma is struggling to shake the company's reputation as a haven for cheap knock-offs and unauthorized merchandise, 21 months after calling counterfeits cancerous. He heads into 2016 after a bruising year that saw more than $50 billion wiped off its market value amid lawsuits and criticism from Chinese and US regulators.

Cleaning up its image next year is crucial to Alibaba's goal of winning the trust of merchants and shoppers overseas, from where Jack Ma wants to get more than half the company's revenue within a decade. A cooling Chinese economy makes that effort even more pressing. At home, JD.com Inc is winning customers partly because it holds the inventory itself and sells directly to consumers, similar to Amazon, a business model easier to police and regulate, said Michelle Ma, an analyst with Bloomberg Intelligence.

Alibaba seeks to clean up image

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US