The failure at that welded seam is pretty much a product design failure, done simply for manufacturing ease. Those vertical welds tying the 2 stamped steel legs together - puts the
welds under tensile stress - is a fundamental no-no. Stress on welds should always be placed under shear load along the length of the weld seam. If your jack-stands are made that way, you can easily reinforce that properly, if you have access to a welder. Just put a strap of 1 inch wide x 1/8" thick hot rolled steel (for example) across from one leg to the other, with horizontal weld seams. Easy,cheap - strong.
The US Jacks that
@Kernal shows above are made that way from the factory. Medium thick steel rod tying the legs together down at the base, under tensile load as the legs try to straddle apart under load. Good simple robust design. The welds aren't even critical.
As for the column teeth being too small - hard to say, can't see them.
What I worry about with all(most) jack stands is the cast iron vertical column, when under side loading. Who knows what casting flaws might be inside? cast iron would fail suddenly by fracture - no warning.

I would much prefer ductile mild steel for the vertical, like rectangular HREW tubing, which bends quite a bit before total failure, giving very visible warning.