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Brussels fines Chinese firm Timo 200 million euros
The European Union imposed a fine of 200 million euros on the Chinese e-commerce company "Timo" for selling illegal products such as hazardous toys and defective chargers, which pose a threat to consumer safety within the Union. This follows a comprehensive investigation that highlighted the company's shortcomings in risk assessment, analysis, and regulatory procedures—especially given its 130 million European users. This fine is one of the EU's measures to enhance consumer protection and manage risks associated with major digital platforms.
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