EU imposes €550 million fine on AliExpress over illegal products
The European Union has fined online retailer AliExpress €550 million for permitting the sale of prohibited items, including unsafe toys and cosmetics, within the European market.
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According to The Local, the European Union issued the €550 million penalty on Monday. The regulatory action follows findings that the online marketplace allowed the sale of illegal products across Europe. These prohibited goods specifically included items deemed unsafe for consumers, such as various toys and cosmetics. The fine highlights ongoing efforts by EU authorities to enforce product safety standards on digital retail platforms operating within the bloc.
Source: The Local. Read the original report ↗
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This brief is based on reporting by The Local.supports: The Local Europe