European Union Slaps Record €550 Million Fine on AliExpress Over Illegal and Counterfeit Products
The European Union has imposed a record €550 million ($629 million) fine on Alibaba-owned AliExpress, accusing the global e-commerce platform of failing to adequately prevent the sale of illegal, counterfeit, and unsafe products across its marketplace. The penalty, announced under the Digital Services Act (DSA), is the largest enforcement action taken so far under the…