( July 20, 2026, 10:00 GMT | Official Statement) -- MLex Summary: AliExpress has been fined a record €550 million ($629 million) by the European Commission for breaching the bloc's digital services law by failing to adequately assess and mitigate the risks posed by illegal, unsafe and counterfeit products. The Chinese e-commerce platform, owned by Alibaba Group, must submit an action plan by Oct. 20 to address the shortcomings, with failure to comply potentially resulting in periodic penalty payments, the commission said in a statement on Monday. The AliExpress penalty represents the largest Digital Services Act fine the commission has levied to date.The press release is attached....
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