Aliexpress says €550 million EU tech fine is disproportionate 20-Jul 23:10

Alibaba's AliExpress said on ​Monday that the ‌record €550 million ($629 million) fine handed out by ​EU tech ​regulators for not doing ⁠enough to tackle ​illegal and counterfeit ​products on its platform was disproportionate.

Morning Bid: The most violent ceasefire 20-Jul 20:10

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AliExpress hit with $629 million EU fine over sales of illegal, counterfeit products 20-Jul 18:10

Alibaba's ​AliExpress was hit with a record €550 million ($629 million) fine from the European Union on Monday for ‌failing to tackle sales of illegal, unsafe and counterfeit products on its platform.