Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Vipshop Accused Of Selling Counterfeit And IP Theft

|Includes: JMEI, Vipshop Holdings (VIPS)

Mr. Huipu Liu, Senior Vice President of Jumei International Holding Ltd. (NYSE:JMEI), recently openly accused Vipshop (NYSE:VIPS) for stealing intellectual properties from Jumei, including its product page, copywriting, models' pictures, and brand licensing files. This weibo by Mr. Liu soon made news headlines in Chinese media.

Mr. Liu's showed the screenshots of pages on Vipshop's site that are identical to Jumei's site, some pictures even have Jumei's name and logo.

Mr. Liu also posted the exclusive licensing contract signed between Jumei and suppliers from South Korea and questioned the source of the same products listed on Vipshop's site.

Mr. Liu said Jumei would take legal action against Vipshop.

news (Chinese): tech.qq.com/a/20150417/065728.htm

weibo (Chinese): weibo.com/1404214752/CdHJQlcpz