AliExpress hit with $629 million EU fine over sales of illegal, counterfeit products https://t.co/Hc4nNogfh5 https://t.co/Hc4nNogfh5

AliExpress Faces Hefty EU Fine Over Counterfeit Sales The European Union has imposed a $629 million fine on AliExpress, a prominent online retail platform, for the sale of illegal counterfeit products. This significant penalty comes as part of the EU's ongoing efforts to crack down on intellectual property rights violations. The fine underscores the increasing pressure on e-commerce giants to regulate third-party sellers more stringently. AliExpress is expected to implement more robust verification processes to prevent the sale of counterfeit goods. This development highlights the growing responsibility of online marketplaces to ensure compliance with international trade laws and protect consumers from fraudulent merchandise.