China’s luxury counterfeit sellers flee to social media to hawk their fake goods
Bloomberg News
(Bloomberg)—China has come down hard on its world-renowned counterfeit industry. Bazaars lined with fake watches, shoes and bags have been demolished in recent years. A new law effective Jan. 1 promises to slap online retailers with up to 2 million yuan ($296,000) in fines for bogus goods sold on their platforms. But Chinese counterfeiters—still the […]