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.
2 developments
- StrongTrump renews threat of 100% tariff on European countries over digital services tax
- DevelopingEU, UK impose joint sanctions on Russia over cyber attacks
- StrongChina warns US on Iran sanctions, threatens crypto market stability
- DevelopingChina cancels two senior EU meetings on short notice, FT reports
Source and signal
- Internal intake