EU fines AliExpress 550 mn euros over illegal products
AFP | Brussels
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The EU yesterday slapped a 550-million-euro ($630 million) fine on online retailer AliExpress for allowing the sale of illegal products, including unsafe toys and cosmetics.
The European Union said AliExpress also did not do enough to stop the sale of counterfeit products and that when the platform detected illegal goods were on sale, many remained online for several weeks.
The EU found some of the products sold on the platform did not meet the bloc's strict environmental and safety standards during its investigation into AliExpress launched in March 2024.
"Risks must be identified and addressed systematically to ensure consumers can safely shop online. Today, we are holding AliExpress to this standard and request it to take action," EU tech chief Henna Virkkunen said in a statement.
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