Alibaba vows to appeal US$629m EU fine for breaches of Digital Services Act

AliExpress, a cross-border shopping platform owned by Alibaba Group Holding, has vowed to fight a €550 million (US$629 million) fine it received from the European Union on Monday, after the EU accused the company of violating the bloc’s Digital Services Act (DSA). “We are surprised by the EU decision and disproportionate fine and we disagree,” the firm said in a statement to the South China Morning Post. The e-commerce firm vowed to appeal the decision, describing the fine as “disproportionate”.