The European Union said Monday it will fine Chinese e-commerce platform AliExpress approximately €500 million for failing to prevent the sale of illegal, unsafe, and counterfeit products on its site. The company stated it intends to appeal the decision, according to Israeli public broadcaster KAN.
The European Union announced Monday it will fine Chinese e-commerce platform AliExpress approximately €500 million for failing to prevent the sale of illegal, unsafe, and counterfeit products on its site. The company said it will appeal the decision, according to Israeli public broadcaster KAN.
The announcement follows an earlier report from The Zioneer on Monday that the EU had imposed a €550 million fine. The official figure is now approximately €500 million.
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