AliExpress slapped with record €550m EU fine over illegal and counterfeit goods

AliExpress has been fined €550m by the European Union for failing to prevent illegal and dangerous goods from being sold through its online marketplace.
The European Commission said the Alibaba-owned platform had breached its obligations under the Digital Services Act (DSA) by failing to assess and reduce the risks posed by illegal, unsafe and counterfeit products.
The penalty is the largest issued under the DSA, surpassing earlier fines of €200m for rival marketplace Temu and €12