Tandon in the News
How Major Chinese Banks Help Sell Knock-Offs
- Aarti Shahani for NPR February 16th, 2016
- Source: http://www.npr.org/sections/alltechconsidered/2016/02/16/466340567/how-major-chinese-banks-help-sell-knock-offs
Here's a little secret: It's possible to go online and buy a knockoff — a generic version of the drug Adderall, a fake "North Face" jacket or "Gucci" handbag. Now, we're not telling you to do it. But a big reason you can, it turns out, is that major banks in China are willing to handle the money.
Say you want Beats by Dre headphones. You don't want to pay Beats by Dre prices. Type in the brand name in a search engine and add words like "cheap," "super-sale."