PRESS RELEASE
Persons caught illegally selling infringing products jailed and fined; thousands of imitation Razer products seized in raid
SHANGHAI– Razer™, a world leader in connected devices and software for gamers, today announced the sentencing of two men arrested for selling counterfeit Razer products online in China. Haikui Lin and Ping Gong were each committed to a year in prison and fined 140,000RMB, in addition to a 150,000RMB fine paid to Razer.
“Counterfeit goods put a huge toll on innovation and growth across many industries worldwide,” says Min-Liang Tan, Razer Co-Founder and CEO. “By investing in bringing down these operations, Razer hopes to set an example that this kind of criminal activity will not be tolerated.”
The International Criminal Court (ICC) estimates the cost on counterfeit goods on tax revenue and additional welfare spending is up to US$125 billion in developed countries alone and that 2.5 million jobs are lost as a result.
About Razer
Razer™ is a world leader in connected devices and software for gamers.
Razer is transforming the way people play games, engage with other gamers and identify with the gamer lifestyle. Having won the coveted “Best of CES” award consecutively for five years, the company’s leadership in product innovation continues to create new categories for the gaming community that is estimated to have over 1 billion gamers worldwide.
Razer’s award-winning design and technology include an array of user interface and systems devices, voice-over IP for gamers and a cloud platform for customizing and enhancing gaming devices.
Founded in 2005, Razer is backed by Intel Capital, IDG-Accel and Heliconia Capital Management (Heliconia), a wholly owned subsidiary of Singapore investment company Temasek.
