Manila Times Business
EU fines Temu 200 mn euros over illegal products
BRUSSELS, Belgium — The EU slapped a 200-million-euro ($232 million) fine on Chinese-owned online retailer Temu on Thursday for allowing the sale of illegal products, including dangerous baby toys and defective chargers. According to EU regulators, European consumers are "very likely to encounter illegal items" on Temu, and the company "seriously underestimated how often EU consumers are likely to" see such products. "The company failed to diligently identify, analyse, and assess the syste
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Source: manilatimes.net
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