Alibaba's marketplace AliExpress hit with €550mil fine over sales of counterfeit products

The Star

The European Union fined Alibaba's marketplace company AliExpress a record €550 million on July 20 for failing to stop sales of illegal and unsafe products on its platform.  The fine was the third issued by the European Commission under the EU's landmark Digital Services Act, which requires very large online platforms to do more to counter illegal and harmful content.  WATCH MORE: https://thestartv.com/c/news SUBSCRIBE: https://cutt.ly/TheStar LIKE: https://fb.com/TheStarOnline

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00:26Aliexpress

00:28Aliexpress has just received a fine of €550 million for breaching the Digital Services Act.

00:34Aliexpress failed to assess and mitigate the risks of illegal products being offered on its marketplace.

00:41Just to give you a figure, the company itself reported that almost 15 million illegal products were recommended last year

00:49to users in the European Union.

00:51We are mostly speaking about unsafe and counterfeit products such as cosmetics, toys, clothes or gadgets to name just a

01:00few.

01:12Aliexpress

01:13Aliexpress

01:15Aliexpress

01:19Aliexpress

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