EU tech chief Henna Virkkunen on $630 million AliExpress fine: 'This is very dangerous for ...'
AliExpress faces a record €550 million European Union fine.
The e-commerce platform failed to adequately address illegal and unsafe product sales.
This penalty is the third issued by the European Commission under the Digital Services Act.
AliExpress plans to appeal the decision, calling the fine excessive.
The company has until October 20 to propose remedial measures.
EU Fines AliExpress €550 Million Over Illegal Products
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