(Il Sole 24 Ore Radiocor) - Milano, 28 mag - The European Commission said that it has fined the Chinese online retailer Temu 200 million euros for having sold to European consumers illegal products.

"Today, the European Commission issued a fine of 200 million euros to Temu under the Digital Services Act (DSA). The company failed to diligently identify, analyse, and assess the systemic risks of illegal products being offered on its platform and the resulting harm to consumers in the European Union," the commission said.

"The evidence at the disposal of the Commission indicates that consumers in the EU are very likely to encounter illegal items on Temu," it added.

Temu has until August 28 to submit an action plan to the commission.

"The plan must set out measures to remedy the breach of its risk-assessment obligations. The European Board for Digital Services will have one month from receipt of the plan to issue its opinion. The Commission will then have a further month to adopt its final decision and set a reasonable period for implementation," it added.

Failure to comply may lead to periodic penalty payments, the commission noted.

The European Commission opened formal proceedings against.

Temu on October 31, 2024.

(RADIOCOR) 28-05-26 12:44:19 (0358) 5 NNNN