Jack Ma just got himself some REAL enemies. The founder of Alibaba claimed that fake goods often have higher quality and lower pricing than the originals.
Yeah, he said that! In his own words via Bloomberg:
“The problem is that the fake products today, they make better quality, better prices than the real products, the real names. It’s not the fake products that destroy them, it’s the new business models.”
Jack Ma has probably not bought an Adidos sneaker
Or a Nokla phone
Or a Nintendo Polystation
Or a Docha and Cabanon Jean.
Or a SQNY Battery
Or a Knie
Or a Joens Danhse
People, I could go on and on without exhausting the list. However, in his defense: He said that:
“The problem is that the fake products today — they make better quality, better prices than the real product. The exact factories, the exact raw materials, so they don’t use the name.”
He also added this
We have to protect [intellectual property], we have to do everything to stop the fake products, but OEMs are making better products at a better price.”
With more than 40% of online sales in China being “counterfeit or bad quality,” there are some products that are of great quality, but according to Cao Lei, director of the China E-Commerce Research Center in Hangzhou,
“For some individual cases, what he’s saying might be true, but it’s wrong to generalize the phenomenon.”
Now bringing it back home, you can definitely bear a witness to the fact that Phone OEMs who started off as a ripoff are now doing quite well, sometimes even better than the real deals which are usually expensive. So yeah, I kinda agree with Cao Lei.
Mr. Jack Ma, take a cue from Cao Lei and avoid generalizing, okay?