AliExpress Fined by European Union for Failing to Crack Down on Counterfeit Goods

EU Commission Opens Formal Investigation into AliExpress

Alibaba's AliExpress Faces Hefty Fine

Alibaba's AliExpress could face a hefty fine after the European Commission opened a formal investigation into the company for failing to crack down on the sale of counterfeit goods on its platform. The commission said in a statement that it has "serious concerns" that AliExpress is not doing enough to prevent the sale of fake products, which could mislead consumers and damage legitimate businesses.

The investigation will focus on whether AliExpress has taken sufficient steps to verify the authenticity of products sold on its platform, and whether it has provided sufficient information to consumers about the risks of buying counterfeit goods. The commission will also examine whether AliExpress has cooperated with law enforcement authorities to combat the sale of counterfeit goods.

If the commission finds that AliExpress has violated EU law, it could impose a fine of up to 10% of the company's annual turnover. The commission could also order AliExpress to take steps to address the concerns raised in the investigation.

AliExpress is a major e-commerce platform that allows businesses to sell products to consumers around the world. The platform is popular with consumers because it offers a wide range of products at low prices. However, the platform has also been criticized for selling counterfeit goods.

The European Commission's investigation into AliExpress is part of a broader crackdown on the sale of counterfeit goods in the EU. The commission has also opened investigations into other major e-commerce platforms, such as Amazon and eBay.