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European Commission fines AliExpress (BABA / 9988 HK) EUR 550mln for breaching the Digital Services Act
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AliExpress was fined EUR 550 million by the EU for DSA violations regarding illegal goods, marking a significant escalation in regulatory pressure on large e-commerce platforms.
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"European Commission fined AliExpress EUR 550mln for breaching its obligations under the Digital Services Act (DSA) to diligently assess and mitigate risks relating to the sale of illegal, unsafe or counterfeit products on its e-commerce platform. The Commission has ordered the platform to take action."
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