Europe fines AliExpress $627 million over counterfeit products
The European Commission imposed a record fine of 550 million euros on the Chinese e-commerce platform "AliExpress" due to its failure to evaluate and combat illegal and counterfeit products, including unsafe toys and dangerous cosmetics, with repeated listings of violating products weeks after their initial detection. Investigations confirmed that the platform did not comply with sanctions bans on the violating traders, and its product verification mechanisms were susceptible to manipulation. AliExpress was given until October 20 to submit a plan to address the violations; otherwise, it could face additional fines. The company asserts that the fine is disproportionate and is reviewing the decision. This penalty follows a previous fine imposed on the Chinese platform "Timo," as part of an EU escalation effort to enhance oversight of e-commerce platforms.
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