AssetID: 55866532
Headline: UNCAPTIONED: EU Hits AliExpress With €550m Fine Over Illegal and Counterfeit Goods
Caption: EU Hits AliExpress With €550m Fine Over Illegal and Counterfeit Goods. The EU has fined AliExpress €550 million for failing to prevent the sale of illegal and counterfeit products, marking one of the largest penalties issued under the Digital Services Act (DSA). Brussels found that the Alibaba-owned marketplace underestimated the risks posed by illegal listings and failed to implement effective systems to detect and remove them. The Commission said counterfeit goods, including cosmetics and clothing, remained available for extended periods, while the platform's moderation and verification mechanisms failed. EU technology chief Henna Virkkunen said the case demonstrates that large online platforms must take responsibility for protecting consumers and ensuring fair competition. The decision follows an investigation launched in 2024 and builds on earlier commitments AliExpress made to improve compliance with the bloc's online platform rules. AliExpress must now implement additional corrective measures and submit a risk management plan, with the Commission warning that further penalties could follow if it fails to comply. The ruling is part of a broader EU effort to tighten oversight of major e-commerce platforms, following similar action against Temu and increased scrutiny of other online retailers. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,Digital Services Act,European Commission,counterfeit,products,toys,cosmectics,illegal,prevention,detect,marketplace,platform,AliExpress,Alibaba,European Union,Temu,online retailers
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