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, ...

The Chinese retailer has become the latest major online marketplace to face penalties under the EU’s Digital Services Act.

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 ...

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 ...

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.

FILE - European Union flags flap in the wind as pedestrians walk by EU headquarters in Brussels, Wednesday, Sept. 20, 2023. (AP Photo/Virginia Mayo, File) THE HAGUE, Netherlands (AP) — The European ...