EU fines AliExpress €550M for failing to curb illegal products, signaling broader regulatory crackdown

The EU has imposed a record fine of €550 million, approximately $629 million, on AliExpress for failing to curb the sale of illegal and counterfeit products. This enforcement action was taken under the Digital Services Act and signals a broader regulatory crackdown on digital platforms. The penalty highlights the European Union's commitment to ensuring that online marketplaces actively remove prohibited goods to protect consumers and maintain legal standards across the digital single market.