The European Union imposed a 550 million euro fine on Chinese e-commerce platform AliExpress for the sale of illegal products, according to a report. The penalty is one of the largest ever levied against an online marketplace by the EU.
The European Union has fined Chinese e-commerce platform AliExpress 550 million euros for the sale of illegal products, according to a report. The penalty is one of the largest imposed by the EU on an online marketplace. The EU has been active in regulating online platforms, as seen in a recent case against Facebook and Instagram (The Zioneer, July 10). Full details of the AliExpress fine, including the specific products involved, have not yet been released.
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