Consumer Product Safety Commission’s (CPSC) chair revealed that Alibaba would cooperate and block the sale of up to 15 illegal and dangerous toys on the US market. The agreement was the first between a foreign company and the CPSC, according to its chair Elliot Kaye during the Hong Kong Toys Fair.
He added that they were thrilled to work with the people who they should be working with as well as that they were excited to have crossed the border. However, this deal isn’t implementable, he said. He said that the CPSC would provide a list of five and 15 toys that it wanted to prevent from penetrating the US market. The commission revealed that around 90 percent of the toys circulating on the market is from China.
According to Jim Wilkinson, Alibaba’s corporate affairs executive, they would do everything they could and that they would collaborate with the chair and his team to do measures in protecting the consumers.
The company, which holds a far larger business than US-owned companies including eBay and Amazon, controls up to 80 percent of the ecommerce market in China, with its initial public offering in the previous year is the world’s largest at $25B.