AliExpress Hit with Record $629 Million Fine for Selling Counterfeit and Illegal Products The European Commission has imposed a record breaking fine of $629 million on Chinese e commerce giant AliExpress for selling counterfeit and illicit goods.
The move is seen as a step towards accountability in the digital marketplace, but it remains to be seen whether this punitive measure will have any real impact.
AliExpress, owned by Alibaba, has become a dominant player in e commerce, with millions of products flooding European markets.