The European Commission has fined Alibaba €550 million under the Digital Services Act, the largest penalty issued under the law so far.

The post EU Hits Alibaba With Record $629 Million Fine Over AliExpress Counterfeit Goods appeared first on TechRepublic.

The European Commission has fined Alibaba €550 million under the Digital Services Act, the largest penalty issued under the law so far.

The post EU Hits Alibaba With Record $629 Million Fine Over AliExpress Counterfeit Goods appeared first on TechRepublic.

Yesterday, the European Commission slapped AliExpress with the largest fine yet under the Digital Services Act (DSA), exceeding $625 million.

In a press release, the EC said that AliExpress failed to “diligently assess and mitigate risks relating to the sale of illegal, unsafe, or counterfeit products on its e-commerce platform.”

Officials found that AliExpress not only failed to staff teams dedicated to removing counterfeit and dangerous items from the platform, but it also made it easy for bad actors to evade detection.

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