AliExpress fined record €550m by EU for allowing sale of illegal goods

The European Union has imposed a record fine of €550m on AliExpress for failing to prevent the sale of illegal goods on its platform. The Chinese retailer allowed the sale of unsafe toys and counterfeit clothing, prompting the EU to take action. AliExpress's failure to adequately monitor and regulate its site led to the sale of these prohibited items, resulting in the substantial fine. The fine reflects the EU's efforts to crack down on online marketplaces that facilitate the sale of illegal goods.

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