Japanese Firms Lose Money to Piracy; China, South Korea Are Biggest Counterfeiters
Yicai Global
/SOURCE : Yicai
Japanese Firms Lose Money to Piracy; China, South Korea Are Biggest Counterfeiters

(CBN - Global)March 29 -- Sales of counterfeit and pirated goods, including brand-name products and DVDs, have led to 20 percent of Japanese enterprises suffering losses, according to a study by the Japan Patent Office.

China and South Korea are the biggest producers of pirated and counterfeit goods, accounting for about 60 and 20 percent of the total, according to the study published in the Nikkei, Japan's biggest financial daily.

The JPO sent questionnaires to 8,069 Japanese enterprises between September and November last year. Of the 4,090 firms who responded, approximately 20 percent or 896 companies, said they had unrealized sales due to counterfeiting or piracy, and 60 percent of these had suffered losses through e-commerce.

As online shopping flourishes in China, cross-border e-commerce piracy has become a hot topic in Chinese society. Well-known Chinese transactional e-commerce platforms including Chinese online cosmetics and perfume retailer Jumei International Holding Ltd. [NASDAQ:JMEI], and Shanghai Yangmatou Network Technology Co., operator of the online shopping site Ymatou, have both been sued by consumers for selling fake goods.

Chinese industrial and commercial authorities received nearly 1.3 million consumer complaints last year, of which 145,800 related to online shopping. This was an 87.3 percent increase over the same period last year, and has topped the list of service-related complaints for the second consecutive year.

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