Europe just hit AliExpress with a record $629 million fine for allowing the sale of counterfeit and harmful products.

By Foo Yun Chee BRUSSELS, July 20 (Reuters) - Alibaba's AliExpress was hit with a record €550 million ($629 million) fine from the European Union on Monday for failing to tackle sales of illegal, ...

Alibaba's AliExpress received a 550 million-euro ($629.2 million) fine from the European Union's executive arm, the largest penalty officials have handed a company so far under the bloc's Digital ...

BRUSSELS >> Alibaba’s AliExpress was hit with a record €550 million ($629 million) fine from the European Union today for failing to tackle sales of illegal, unsafe and counterfeit products on its ...

THE HAGUE, Netherlands — The European Commission on Monday fined Chinese online marketplace AliExpress 550 million euros ($629 million) for failing to adequately crack down on the sale of unsafe and ...

The European Commission has fined Alibaba $629 million under the Digital Services Act, citing AliExpress' failure to adequately prevent the sale of illegal and counterfeit products on its marketplace.

The European Commission announced a record fine against AliExpress for not curbing the sale and promotion of illegal products on Monday.

Alibaba's AliExpress said on ​Monday that the ‌record €550 million ($629 million) fine handed out by ​EU tech ​regulators for not doing ⁠enough to tackle ​illegal and counterfeit ​products on its ...

"This is very dangerous for consumers, unfair for companies which are complying with all our rules," said EU tech chief Henna Virkkunen.

Alibaba’s AliExpress received a 550 million-euro ($629.2 million) fine from the European Union’s executive arm, the largest penalty officials have handed a company so far under the bloc’s Digital ...