EU hits AliExpress with a record 550 million-euro fine over unsafe and counterfeit goods

The European Commission fined AliExpress 550 million euros for failing to address unsafe and counterfeit products on its platform, marking the largest penalty under the EU's Digital Services Act. The fine follows similar penalties for Temu and X, with AliExpress disputing the 'disproportionate' amount and committing to review the decision.