Despite shining successes in its debut in the US’s stock markets, Alibaba is not without its own brand of difficulties. Alibaba had to remove more than 90 million listings from more than 100 thousand vendors, due to counterfeiting and intellectual infringement in order to maintain its reputation. Hundreds of the offenders have been arrested as a result, and the fight against counterfeiters has cost Alibaba more than $160 million in quality assurance personnel hunting down sketchy listings. While this has helped boost Alibaba’s image significantly, 1/10th of all sales are still expected to be counterfeits. Further, despite several successful sales platforms, Alibaba has has a far worse performing website called Tmall Global. Tmall Global has a lack of popularity among shoppers and vendors both, the former rarely visiting or making purchases and the latter leaving in droves.
Yet another inquiry is being launched into Tesco’s earnings, looking for further irregularities for the past three years worth of earnings. This one in particular, however, involves bringing Tesco’s providers under scrutiny for possible underhanded means of pocketing funds. These extended probes have already carved out more than 40% or Tesco’s value for the year after the irregularity was initially discovered. Estimates for the extent linger over £260 million as probes continue to search for the initial source and, with the Serious Fraud Office on the job, a potential culprit. Further, this investigation has resulted in half the board being suspended, many with no intentions to return.
December 24,2014 – Stock Market News
Despite shining successes in its debut in the US’s stock markets, Alibaba is not without its own brand of difficulties. Alibaba had to remove more than 90 million listings from more than 100 thousand vendors, due to counterfeiting and intellectual infringement in order to maintain its reputation. Hundreds of the offenders have been arrested as a result, and the fight against counterfeiters has cost Alibaba more than $160 million in quality assurance personnel hunting down sketchy listings. While this has helped boost Alibaba’s image significantly, 1/10th of all sales are still expected to be counterfeits. Further, despite several successful sales platforms, Alibaba has has a far worse performing website called Tmall Global. Tmall Global has a lack of popularity among shoppers and vendors both, the former rarely visiting or making purchases and the latter leaving in droves.
Yet another inquiry is being launched into Tesco’s earnings, looking for further irregularities for the past three years worth of earnings. This one in particular, however, involves bringing Tesco’s providers under scrutiny for possible underhanded means of pocketing funds. These extended probes have already carved out more than 40% or Tesco’s value for the year after the irregularity was initially discovered. Estimates for the extent linger over £260 million as probes continue to search for the initial source and, with the Serious Fraud Office on the job, a potential culprit. Further, this investigation has resulted in half the board being suspended, many with no intentions to return.