AliExpress fined record €550mn by EU for allowing sale of illegal goods
JULY 20 – Chinese online retail giant AliExpress has been fined a record €550m (£467m) by the EU for allowing the sale of illegal products such as unsafe toys and…..
✨ Key Highlights
AliExpress has been hit with a record €550 million fine by the European Union for failing to prevent the sale of illegal and unsafe products on its platform.
- The fine is the highest ever imposed under the Digital Services Act.
- The European Commission cited deficiencies in AliExpress's detection and enforcement systems.
- AliExpress, owned by Alibaba, stated the fine is "disproportionate" and plans to appeal.
Continue Reading
Read the complete article from Capital Business
Part of the Day's Coverage
Complex tax policies, high business costs hindering U.S. investments in Kenya - July 2026
Senior U.S. officials have identified complex tax policies, high business costs, and regulatory bottlenecks as significant barriers hindering new American investments in Kenya. The concerns were raised during the Mandela Washington Alumni Forum on U.S.-Africa Commercial Partnerships in Nairobi. Meanwhile, the European Union has hit AliExpress with a record €550 million fine for failing to prevent the sale of illegal and unsafe products on its platform. In contrast, India and the United Kingdom's Comprehensive Economic and Trade Agreement (CETA) officially came into force on Wednesday, July 20, aimed at boosting trade and investment between the two nations.
