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EU fines AliExpress €550m for failing to stop sale of fake and illegal goods
The European Commission has fined AliExpress, owned by China's Alibaba Group, €550 million for failing to adequately prevent the sale of illegal, counterfeit and potentially dangerous products on its platform. The penalty is one of the largest ever imposed by the EU on an online marketplace. The decision was announced on Monday and marks a significant step in the EU's enforcement of digital market regulations.
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