The European Commission on Monday fined AliExpress €550 million for failing to adequately assess and mitigate risks linked to the sale of illegal, unsafe and counterfeit products on its e-commerce platform.
The decision comes just days after the EU introduced a €3 flat duty on parcels worth less than €150, which had previously entered the bloc duty-free – a move expected to significantly affect the business models of Chinese online retail giants AliExpress, Shein and Temu.
