EU fines AliExpress 550 million euros
The European Union imposed a record fine of 550 million euros on the "AliExpress" platform for allowing the sale of illegal products, including unsafe toys and cosmetics that do not meet safety standards. An investigation that began in March 2024 revealed that the platform had not taken sufficient measures to stop the sale of counterfeit and illegal products, with many remaining available for weeks after violations were identified. The EU confirmed that the fine was the result of an assessment of the impact of these violations on European consumers, and noted that the company overestimated the effectiveness of its tools for detecting illegal products. Meanwhile, AliExpress announced that it is considering appealing the decision and has introduced improvements to its monitoring systems.
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