Business
How Chinese Sellers of Fake Dior Are Evading a Crackdown Online
- New law can fine online retailers for fakes on their platforms
- Many Chinese counterfeiters have moved to social networks
Photographer: Giulia Marchi/Bloomberg Businessweek
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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.