EU says Temu in breach of rules to prevent sale of illegal products

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The European Commission on Monday said Chinese online marketplace Temu was breaking EU rules by not doing enough to prevent the sale of illegal products through its platform.

The EU’s findings could ultimately lead to a fine of up to 6% of Temu’s annual global turnover, the Commission said.

“Evidence showed that there is a high risk for consumers in the EU to encounter illegal products on the platform,” it said in a statement about Temu.

“Specifically, the analysis of a mystery shopping exercise found that consumers shopping on Temu are very likely to…



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EU says Temu in breach of rules to prevent sale of illegal products



The European Commission on Monday said Chinese online marketplace Temu was breaking EU rules by not doing enough to prevent the sale of illegal products through its platform.

The EU’s findings could ultimately lead to a fine of up to 6% of Temu’s annual global turnover, the Commission said.

“Evidence showed that there is a high risk for consumers in the EU to encounter illegal products on the platform,” it said in a statement about Temu.

“Specifically, the analysis of a mystery shopping exercise found that consumers shopping on Temu are very likely to…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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