EU hits AliExpress with record $629 million fine
AI Summary
The European Commission slapped AliExpress with a record $629 million fine for failing to stop the sale of illegal products on its platform, highlighting the EU's strict enforcement of its Digital Services Act. This move underscores the EU's commitment to protecting consumers and ensuring digital marketplaces comply with stringent regulations. The hefty penalty signals a significant step in regulating online retail giants and could set a precedent for other global e-commerce platforms to follow suit.
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