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Tuesday, March 6, 2007

Very scared for my money

I have probably invested in over 100,00k over the last year in China and Hong Kong. I am very confident in Hong Kong suppliers, although i notice alot of Chinese Companies naming their companies with Hong Kong in the title when they are really located in Mainland China.

When it comes to mainlain China, i am very scared for my money when dealing with Guangzhou, Putian and some Shenzhen companies. They sell a lot of fake products and some do admit in their price lists that they are copies, but some do not unless you ask them.

Now just because i mention these cities, does not mean you should over look them. Check out their licenses through the proper sources, or just use the search engines to find out if anyone else has had a problem with the company in the past.

Sometimes in GOOGLE, i type the company name and then the word fraud or scam after it and you would be surprised what comes up. Any time someone on the net has talked about this company possibly being a fraud, it should come up in Google.

I have also noticed for example on Ebay, a lot of Chinese companies or so-called companies sending emails to Ebay sellers, asking them to check their website. A lot of the times they use websites like which i think is a non trackable web host but i could be wrong. The fact that these people are stealing accounts on Ebay and posting these websites to sellers, raises my suspicion about some Chinese sellers. Once you see enough of them, you can spot them very quickly.

On Ebay i noticed mobile phone sellers from China, selling supposedly brand new Motorola V3. They were selling them well below normal costs and were selling like 20 a day. I checked their feedback and it was terrible. They would sell 20 phones and have like 5-10 negative feedbacks per day. I am sure they are shut down now.


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