BABA's AliExpress was hit with a record €550M ($629M) fine from the European Union on Monday for failing to tackle sales of illegal, unsafe

BABA's AliExpress was hit with a record €550M ($629M) fine from the European Union on Monday for failing to tackle sales of illegal, unsafe and counterfeit products on its platform. The fine was the third issued by the European Commission under the EU's Landmark Digital Services Act.