Economic TimesLean R·
EU hits AliExpress with a record 550 million-euro fine over unsafe and counterfeit goods
The European Commission has fined AliExpress 550 million euros for failing to stop unsafe products. This significant penalty is the largest ever under the Digital Services Act. The commission cited AliExpress's inadequate efforts to address illegal and harmful items. AliExpress stated it is reviewing the decision and considering its options. The company must submit an action plan by October 20.
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