Amazon.com Inc, which has been under pressure from shoppers, brands and US lawmakers to crack down on counterfeits on its site, yesterday said that it last year blocked more than 10 billion suspected phony listings before any of their offerings could be sold.
The numbers were released in Amazon’s first report on its anti-counterfeiting efforts since it announced new tools and technologies in 2019. The number of blocked phony listings last year was up about 67 percent from the year before.
The Seattle-based e-commerce behemoth said the number of counterfeiters attempting to sell on the site rose as scammers tried to take advantage of shoppers who were buying more online during the COVID-19 pandemic.
Photo: Reuters
Amazon has been wrestling with counterfeits for years.
However, since 2019, it has warned investors in government filings that the sale of phony goods poses a risk to the company and its image.
Brands might not want to sell their items on the site if they know there are fake versions being offered and knock-offs could cause shoppers to lose their trust in Amazon.
Counterfeiters try to get their products on Amazon through its third-party marketplace, where sellers can list their items directly on the site.
The company destroyed 2 million counterfeit products sent to its warehouses last year before they could be sold.
It said fewer than 0.01 percent of all items bought on the site received counterfeit complaints from shoppers.
Amazon said it can stop counterfeiters before they can sell anything thanks to machine-learning technology, which automatically scans listings to remove suspected counterfeits.
The company also gives brands a way to remove fake items from the site themselves, rather than reporting them to Amazon and waiting for it to do something.
The company’s efforts come as lawmakers are looking at ways to reduce counterfeits online.
US senators Bill Cassidy and Dick Durbin, both Democrats, reintroduced a bill this year known as the INFORM Consumers Act. It would require third-party sellers to be verified and to disclose their name and address to shoppers. The bill was introduced last year, but was not voted on.
Amazon and smaller online stores, such as eBay Inc and Etsy Inc, oppose the bill for reasons including concerns that it could discourage people from starting a small business and selling online.
However, groups that represent big-box physical retailers, such as Home Depot Inc and Lowe’s Companies Inc, support it because they say it levels the playing field, as physical retailers already make sure their shelves are free of fakes.
Amazon said it last year spent more than US$700 million on its anti-counterfeiting efforts and has 10,000 people working on it.
Cairo’s new monorail slices across the city skyline, running above the familiar chaos of blaring horns and aging buses’ exhaust fumes that mark rush hour below. The US$4.5 billion monorail, opened this month, is among Egypt’s most prominent new transport projects, part of a debt-funded infrastructure drive criticized for sapping state finances while bringing limited benefits to most of the country’s 109 million people. “It feels like you’re in a different country,” said Ramy Sayed, a restaurant manager, aboard a driverless Innovia 300 train. “No noise, no traffic, we’re not used to this.” The eastern line runs 56km from the bustling middle-class
Starlux Airlines Co (星宇航空) today unveiled a long-haul network expansion plan at a shareholders’ meeting in Taipei, including direct flights to Barcelona, Spain, and Zurich, Switzerland, as well as a service connecting Taipei, Sydney and New Zealand. Starlux is to become the first Taiwanese carrier to offer non-stop services to the two European cities, while the inaugural oceanic route is expected to expand transit opportunities within the Australia-New Zealand market, Starlux said. Flight services to Chicago, Dallas, Washington and New York are under evaluation, the airline added. Prior to the shareholders’ meeting, the airline earlier this year announced that it would be
Taiwanese prosecutors suspect that three people successfully smuggled at least one shipment of Nvidia Corp artificial intelligence (AI) chips to China after first exporting them to Japan, people familiar with the matter said. The trio was detained last week by the Keelung District Prosecutors’ Office for allegedly falsifying documents related to exports of Super Micro Computer Inc servers containing advanced Nvidia chips, which the US has barred from sale to China without a license from Washington. The move marked Taiwan’s first public crackdown on AI chip diversion after years of pressure from the US to take a more active role in curtailing
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) employee bonuses are likely to grow more than 30 percent this year, in line with the past few years as the company’s profits continue to set new records, an anonymous source cited TSMC chairman C.C. Wei (魏哲家) as saying yesterday. TSMC, the world’s largest contract chipmaker, is committed to taking care of its workers, the source said, citing Wei’s meeting with employees yesterday morning. Wei also expressed gratitude to employees for their contribution to the company’s improving bottom line, the source added. Since 2023, TSMC’s employee bonuses have grown at an annual rate of
RSS