China’s Social Credit System is a big data-enabled toolkit for constant monitoring of all market participants in respect to compliance with laws and rules. Its core concept is the self-restriction of economic actors. Based on massive data collection, ratings are generated for each market participant. These ratings are publicly available and can result in rewards… Continue reading China’s Social Credit System – A Revolution in the Market Regulation?
The survey result of the American Chamber of Commerce in Shanghai indicates that around 20% of the US companies in China are shifting their investments planned for China to other destinations, mostly to Southeast or South Asia. The reasons lie not only in the rising costs, but in a shortage of skilled workers and the… Continue reading US Companies are Shifting Their Investments from China to South- and Southeast Asia
On June 16, China’s State Council released a new foreign investment negative list to further ease investment access. These new measures on foreign investment access will take effect on July 10, and replace the old one issued in April 2015. The new negative list covers 40 categories and 95 special management measures grouped into 15… Continue reading China Introduces New Negative List for Foreign Investment
In Switzerland, the number of counterfeit brand products imported by tourists as vacation souvenirs decreased by 40 percent in 2016, in comparison to 2015. Apparently, the Custom’s measures to inform tourists about the prohibited import of fake products are effective. Yet the growth of trade volumes with counterfeit products remains unbroken. The reason is the… Continue reading Product Fakes in Switzerland: Souvenirs Declining, Online Bargains on the Rise
Recently Alibaba efficiently fights against counterfeits on its e-commerce-platforms like Tmall or Taobao. The internet giant is also willing to closely cooperate with brand owners. As a result, more and more new businesses start to emerge with the aim to gain profit. Unfortunately, their actions are often based on unfair means. The main business of… Continue reading Black Sheep in Anti-Counterfeiting – A New Challenge for Alibaba
For years, foreign brand owners have complained about the large numbers of fakes being offered on the Chinese online marketplaces Alibaba and Taobao. Indeed are those platforms full of counterfeit products and most brand owners think that Alibaba is not putting enough effort into combatting the surge of fakes on offer. Yet now Alibaba reacts… Continue reading Alibaba Sues Counterfeiters on its Platform
Foreign as well as Chinese companies often complain about the reluctance and softness of Chinese Courts when it comes to imposing fines based on misbehavior of the defendant. The Beijing IP Court now set a strong signal regarding this matter. In a recent patent infringement lawsuit before the Beijing IP Court, the defendant refused to… Continue reading Beijing IP Court Imposes Maximum Fine on Company for not Submitting Requested Evidence