China democracy E-Commerce Economy European Finance Online Shopping Retail Technology
AliExpress faced a historic penalty of $629 million from the European Commission for not complying with the Digital Services Act. The online retail giant, headquartered in China, failed to adequately control the proliferation of potentially illegal items on its platform. According to the European Commission, AliExpress neglected its responsibilities under the DSA by not diligently assessing the risk associated with illegal, unsafe, or counterfeit goods being distributed through its services. Henna Virkkunen, executive vice president of tech sovereignty, security, and democracy at the European Commission, emphasized the importance of maintaining consumer safety in online shopping. She highlighted that the presence…
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