The EU just fined AliExpress €550M, its biggest DSA penalty yet
Alibaba’s AliExpress has been hit with a €550 million ($629 million) fine from the European Union. Brussels says the Chinese shopping platform failed to keep illegal, unsafe and counterfeit products off its site. The penalty, announced on Monday, is the biggest yet under the EU’s Digital Services Act (DSA). That law forces very large platforms […]<br /> This story continues at The Next Web [...]
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Wonderful raises $550M Series C at $5B valuation, led by Insight Partners with Salesforce
Wonderful has closed a $550M Series C at a $5B valuation led by Insight Partners with Salesforce participating, eighteen months after being founded and six months after a $150M round at $2B. Its press [...]
Wonderful raises $550M Series C at $5B valuation, led by Insight Partners with Salesforce
Wonderful has closed a $550M Series C at a $5B valuation led by Insight Partners with Salesforce participating, eighteen months after being founded and six months after a $150M round at $2B. Its press [...]
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Brussels fines Temu €200M under the DSA for unsafe baby toys and faulty chargers
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TikTok fined $602 million for illegally sending European user data to China
The Irish Data Protection Commission (DPC) has fined TikTok owner ByteDance €530 million ($602 million) for breaching the European Union's privacy laws. The regulator said TikTok sent European [...]