The European Commission has imposed a 550 million euro fine on Chinese online marketplace AliExpress for violations of the Digital Services Act (DSA), Reuters reported on Monday. The penalty comes after the EU regulator concluded that the Alibaba-owned platform failed to properly address risks linked to the sale of illegal, unsafe, and counterfeit goods.

The EU has hit AliExpress with a €550M fine, its biggest DSA penalty yet, for failing to stop the sale of counterfeit, unsafe and illegal products.

The penalty issued under the bloc's Digital Services Act is the highest so far