Thousands Of Fake Skincare Products Seized
"); jQuery("#212 h3").html("

"); });
2019-07-15 HKT 18:27
Customs officers have seized more than six-thousand counterfeit skincare and cosmetics products from stores and warehouses across the territory.
Twelve people have been arrested over the haul worth around HK$600,000.
The counterfeit goods were 40 to 80 percent cheaper than authentic ones.
Customs divisional commander Peggy Tam said customers would have struggled to spot the fake goods – if not for the cheaper prices.
“The packing of these seized cosmetics and skincare products look very similar to the genuine ones. Some shops are displaying the genuine products with the counterfeit products to cheat customers,” she said.
Customs officers said they smashed two suppliers distributing suspected counterfeit products
The operation was carried out from Wednesday to Sunday, targeting seven shops in Causeway Bay, Yau Ma Tei and Sheung Shui and three storage facilities in Yuen Long and Fanling.
Of those arrested are directors, a shop owner and sales staff.
Under the Trade Descriptions Ordinance, the maximum penalty for anyone convicted of selling or possessing for sale any goods with a forged trademark is a fine of $500,000 and imprisonment for five years.
OSL Group Raises US$200M To Expand Stablecoin And Payment Operations
OSL Group announced an equity financing of US$200 million (approximately HK$1.56 billion). The company intends to use t... Read more
Hong Kong Clinics Introduce Palm Verification For Contactless Check-In
Tencent and Bupa Hong Kong have introduced a palm verification check-in service across 20 Bupa clinics, including flags... Read more
19th Asian Financial Forum Concludes In Hong Kong With 800+ Investment Meetings
The 19th Asian Financial Forum (AFF) concluded on 27 January after two days of discussions and knowledge sharing. Over ... Read more
Hong Kongs HK$62B Wealth Fund Turns To Fintech, Aerospace And AI For Growth
The Hong Kong Investment Corporation (HKIC) is considering investments in fintech, aerospace and AI, as geopolitical sh... Read more
OSL Pay Integrates StraitsX Infrastructure To Enable USD Access
OSL Pay is embedding USD access into its platform through an infrastructure integration with StraitsX. The payments arm... Read more
South Korea Raises AI Budget Fivefold To US$1.67B In Race For Top 3 Global AI Status
The South Korean government plans to spend up to 2.4 trillion won (US$1.67 billion) this year to support AI adoption ac... Read more