‘It is a failure by AliExpress’: European Commission fines the Chinese marketplace $629 million for not blocking 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.

“The spread of counterfeit clothing, unsafe toys, dangerous cosmetics and other illegal and harmful products is not an unavoidable cost of shopping online — it is a failure by AliExpress to comply with its obligations under the........

© Fortune