We have covered many stories on Alibaba’s and China’s problem with counterfeits. You can check out our post here where we discuss just how much Alibaba’s sales are depended on counterfeits.
As this year ends, the total amount that the company has spent on fighting counterfeit listings has been released. The past two years, starting in January 2013 to the end of November this year, Alibaba has spent a total of $160.7 million and has removed 90 million product listings. I guess they do have a lot of money to spend after raising $25 billion in their IPO back in September.