EU fines AliExpress record €550m over illegal and fake goods
The European Union has imposed a record fine of approximately €550 million (US$630 million) on e-commerce giant AliExpress for failing to prevent the sale of illegal and counterfeit products on its platform. The penalty, the largest ever under EU digital regulations, underscores the bloc's intensified crackdown on online marketplaces and signals a major shift in accountability for tech companies policing illegal trade.