European Commission Imposes €550 Million Fine on Chinese E-commerce Platform, Ministry of Commerce Responds

Deep News07-22 16:14

The Ministry of Commerce spokesperson addressed media inquiries regarding the European Commission's fine imposed on AliExpress.

Question: On July 20th, the European Commission announced a €550 million fine against AliExpress under the EU's Digital Services Act. What is China's comment on this?

Answer: China has taken note of the relevant situation and expresses strong dissatisfaction and serious concern. China firmly opposes the EU's use of platform regulation as a pretext to erect digital barriers and adopt discriminatory measures that restrict and suppress the normal operations of Chinese e-commerce enterprises in Europe. China urges the EU to cease exploiting the ambiguity of legal provisions to abuse discretionary power and to treat Chinese companies fairly and justly. China will resolutely support Chinese enterprises in using legal means to defend their rights and will take robust measures to steadfastly safeguard their interests.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment