EU fines AliExpress €550 million for allowing illegal and fake goods

The European Union announced a large penalty against AliExpress. The fine totals €550 million. Regulators said the marketplace failed to prevent illegal items. It also allowed the sale of counterfeit products. The decision follows a prolonged investigation. AliExpress must now improve its product monitoring. The ruling highlights EU enforcement of consumer protection. The company faces pressure to comply with stricter standards.