EU hits AliExpress with a record 550 million-euro fine over unsafe and counterfeit goods
Summary
The European Union fined the Chinese online marketplace AliExpress 550 million euros for not stopping the sale of unsafe and fake products on its website. This is the largest penalty under the EU’s Digital Services Act, which aims to keep online users safe and protect their rights.Key Facts
- AliExpress was fined 550 million euros (about $629 million) by the European Commission.
- The fine is for failing to prevent the sale of dangerous and counterfeit goods on its platform.
- This is the biggest fine ever given under the EU’s Digital Services Act.
- The Digital Services Act is a law to protect people from harmful or illegal online content and products.
- AliExpress’s parent company is the Chinese tech giant Alibaba.
- Alibaba also agreed to pay $600 million to the U.S. government over illegal import claims.
- AliExpress must submit a plan by October 20 to fix its risk management problems.
- The EU previously fined other companies like Temu and Elon Musk’s social media site X for similar issues.
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