Alibaba, the largest on-line commerce site, has received a commendation from the Police Intellectual Property Crime Unit, a department of the City of London Police for its anti-counterfeiting and and anti-piracy work.
Detective Superintendent Peter Ratcliffe (above, left) said that China-based Alibaba was receiving the City of London Police’s first ever Award for Excellence in IPR Enforcement. The award was presented at the World Trademark Review’s Brand Protection Online Europe conference recently “in recognition of Alibaba Group’s significant contributions and valued partnership in offline criminal investigations involving traffickers in counterfeit goods, as well as its demonstrated leadership in ensuring that pirate sites do not profit from advertising revenue.”
Alibaba is responsible for 80% of China’s online commerce and has a current market value of $459 billion, greater than Facebook, Oracle and Intel. It is currently seventh among leading tech companies worldwide. The company grossed $56 billion in revenues in 2018 and has more than 100,000 employees.
The company’s Singles’ Day, this past Sunday, which Taylor Swift helped to kickoff, generated the equivalent of $38.4 billion in sales. It was the biggest singles shopping day for a retailer ever.
Ratcliffe added: “We also officially recognize and thank Alibaba for its high level of dedication, cooperation, and professionalism in overall IPR protection.” Alibaba said that “it is honored and humbled by such positive recognition, and we will continue to enhance and advance our IPR protection efforts.”
In April, also in London, Alibaba won an award for IP leadership from at the Luxury Law Summit. Matthew Bassiur, vice president and head of global intellectual-property enforcement at Alibaba Group, was presented with the award for “Luxury Law Innovator in IP Rights and Technology.”
The Luxury Law Summit, held annually, brings together over 300 leaders and executives from luxury brands, including Louis Vuitton, Hermes, Gucci, Chanel, Prada, and Tiffany, and luxury conglomerates, such as Richemont, Kering and LVMH, according to Luxury Law Alliance CEO Mary Heaney.
Image source: worldtrademarkreview.com; alizila.com