Alibaba Fined Record €550M by EU for Illegal Sales

bloomberg.com

5 pointstechnewssss3 comments

Alibaba made $59B last year in gross profit, and the amount will most likely be appealed and reduced.

The biggest issue by far isn't the counterfeit or unsafe products, its the fake reviews, that's where regulators need to focus.

Why is that a bigger problem than unsafe products?

Because the unsafe product most likely has 200+ "positive" reviews!