Foreign brands struggle in Year of the Rabbit
- By Wu Nanlan
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China.org.cn, December 19, 2011
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Gaopeng's fake watch scandal
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Gaopeng is a joint venture between the world's largest daily deal site Groupon and China's top internet firm Tencent Holdings. [File photo] |
Gaopeng, a joint venture between the world's largest daily deal site Groupon and China's top internet firm Tencent Holdings sold customers Tissot watches on its website for 690 yuan ($109). The luxury Swiss watches have an original retail price of more than 3,000 yuan ($500) and customers who received the watches from Gaopeng concluded that they were counterfeit after finding them to be of poor quality.
"After an investigation into the Tissot watch incident, Gaopeng found the merchant...had given us fake agent qualification documents," Gaopeng said in a statement.
Li Peixuan, a lawyer at Beijing Huijing Law Firm, commented that Tissot could also instigate legal proceedings to sue Gaopeng and its suppliers for compensation.
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