THENATIONALPULSE (Pulse Wires) - EU Hits China’s AliExpress with Record 550 Million-Euro Fine for Unsafe, Counterfeit Products.
The European Commission has imposed its largest-ever fine under the Digital Services Act, citing AliExpress for inadequate measures to prevent the sale of dangerous and counterfeit goods.
PULSE POINTS WHAT HAPPENED: The European Commission fined AliExpress 550 million euros ($629 million) for failing to adequately tackle the sale of unsafe and counterfeit products on its platform. This penalty is the largest issued under the EU’s Digital Services Act (DSA) to date. DETAIL: European Commission Executive Vice-President Henna Virkkunen said the spread of counterfeit clothing, unsafe toys, dangerous cosmetics, and other illegal products reflected AliExpress’s failure to meet its obligations under the DSA, adding that the company must better identify and mitigate systemic risks regardless of its size. AliExpress claims it remains committed to complying with the DSA and has invested heavily in product safety, risk…Open