EU hits AliExpress with a record 550 million-euro fine over unsafe and counterfeit goods
The European Commission on Monday fined Chinese online marketplace AliExpress 550 million euros ($629 million) for failing to adequately crack down on the sale of unsafe and counterfeit products on its site.
The fine, the biggest ever imposed for breaches of the 27-nation European Union’s Digital Services Act, comes just months after another online retailer, Temu, was fined 200 million euros for similar breaches. Last year, Brussels issued a $120 million penalty for Elon Musk’s social media site X.
