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Friday 9 June 2017

Amazon's Chinese counterfeit problem is getting worse

Pic: Getty Images

With more sellers and buyers going to purchase to Amazon this appears to attract counterfeiters to a new market place to peddel their wares.

CNBC have published their latest findings on this new trend with Amazon.com is hard at work promoting next week's Prime Day and the more than 100,000 deals available to subscribers. As with all things Amazon, it's intended to be a major party for consumers.

But longtime Amazon sellers like Jamie Whaley are in no mood to celebrate.

A licensed nurse, Whaley started a bedding business on Amazon that reached $700,000 in annual sales within three years. Her patented product called BedBand consists of a set of shock cords, clamps and locks designed to keep fitted bed sheets in place.

Amazon Revenue



Read Full Story: CNBC


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