Amazon has made huge profits from prohibited, recalled and counterfeit products sold by third-party companies.

Amazon has made huge profits from prohibited, recalled and counterfeit products sold by third-party companies.

By Christian Wiediger, Amazon, one of the world’s largest e-commerce sites, offers a variety of daily goods, groceries, clothing, appliances, and more, but most of them are not sold by Amazon itself, but are from the Amazon Marketplace, which is listed by third-party sellers. Amazon’s marketplace swept into question as a lot of unnatural reviews or scams, but the marketplace was not making huge changes because it generated huge profits. The Wall Street Journal reports on the snoring relationship between Amazon and the marketplace. Amazon’s Heavy Recruitment of China Sellers Puts Consumers at Risk – WSJhttps://www.wsj.com/articles/amazons-heavy-recruitment-of-chinese-sellers-puts-consumers-at-risk-11573489075Amazon Gains Unfair Edge by Making Sellers Use Theirs shipping, complaint says Ars Technicahttps://arstechnica.com/tech-policy/2019/11/amazon-gains-unfair-edge-by-making-sellers-use-its-shipping-complaint-says/ CEO Jeff Bezos said about 58 percent of Amazon’s retail revenue comes from third parties. However, as has been pointed out for a long time, Amazon’s marketplace has become a semi-lawless zone with minimal quality control, so in some cases, products that are prohibited from trading or recalled products that pose a risk of life are sold as they are. Amazon continues to sell banned, recalled and counterfeit products that pose a risk to life –

Amazon has made huge profits from prohibited, recalled and counterfeit products sold by third-party companies.

According to the by Christian Wiediger Wall Street Journal, Amazon has been recommending “using the marketplace to sell products directly to customers around the world” for Chinese companies since 2013. It seems to have been doing various campaigns for that. In 2017, Amazon’s sales director in China told Chinese business leaders, “We will help factories open accounts on Amazon and sell products directly to American customers.” It has been revealed that Amazon has encouraged Chinese companies to enter the marketplace. According to the Wall Street Journal, which obtained information from an anonymous person named an anonymous employee of Amazon, by 2016, Amazon’s The team that supports Chinese companies’ entry into the marketplace” seems to have swelled to 150. After these steady efforts, the marketplace is full of Chinese-based third-party vendors. As a result, many banned, recalled, and counterfeit items have spread on Amazon, the Wall Street Journal points out. According to a Wall Street Journal study, about 2000 of the malicious third-party vendors that list prohibited, recalled, or counterfeit items were identified, with 54 percent based in China. It also reveals that about 38% of Amazon’s most reviewed marketplace sellers are based in China as of October 2019. Because third-party vendors do not need to disclose location information on Amazon’s site, the Wall Street Journal He worked with Pulse to investigate the seller’s location information via the Mexican version of Amazon. In response to a Wall Street Journal report, Amazon commented, “It’s a significant lying figure that the top 10,000 accounts are based in China,” but it doesn’t disclose the exact figures.

Amazon has made huge profits from prohibited, recalled and counterfeit products sold by third-party companies.

According to by Hello I’m Nik GB Wall Street Journal, Amazon’s activities in China have attracted many Chinese companies to the marketplace. As a result, “Amazon is worried about this” because the marketplace has become flooded with prohibited items, recalls, and counterfeits. However, Amazon told the Wall Street Journal, “There are only a few rogue vendors on our marketplace, and their sellers come from all parts of the world, not just China. No matter where these malicious vendors are based, we’re working to stop those accounts before they have a negative impact on our marketplace shopping and sales experience.” It claims to be working hard to eliminate malicious third parties and denies the point that malicious third parties are gathering from China.

Amazon has made huge profits from prohibited, recalled and counterfeit products sold by third-party companies.

By chuttersnap On the other hand, U.S. regulators are closely monitoring Amazon’s handling of third-party vendors in the U.S. market. According to information obtained independently by Bloomberg, the U.S. House of Representatives’ Fair Trade Commission has accused Amazon of “doing anti-competitive acts.” Amazon is also under investigation into antitrust laws in Europe, with European Commission regulators pointing out that “Amazon collects marketplace sales data and decides what to produce and promote under its own brand.” Amazon has been pointed out that the marketplace is full of prohibited, recalled, and counterfeit products, but in July 2019, Amazon should also be liable for products sold by third-party vendors on the marketplace.” In the future, Amazon may make some drastic innovations to the marketplace. Amazon must also be liable for products sold by third-party companies –

Amazon has made huge profits from prohibited, recalled and counterfeit products sold by third-party companies.

by Mein Deal

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