• USA Today reports that "Chinese online shopping giant Alibaba announced Monday that it has formed a coalition that will leverage the power of big data to crack down on purveyors of fake goods, whose value in 2015 exceeded $1.7 trillion, according to the International Anti-Counterfeiting Coalition ... The mission of the Alibaba Big Data Anti-Counterfeiting Alliance, whose 20 members include luxury brands such as Louis Vuitton and Swarovski, is to pool information, data and expertise in intellectual property authentication with the ultimate goal of 'helping block, screen and take down infringing listings,' according to a statement from Alibaba."
- KC's View:
