Alibaba Fined Record €550M by EU for Illegal Sales (bloomberg.com) 5 points by technewssss 3mo ago ↗ HN
[–] oggreen 3mo ago ↗ 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.
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[ 4.5 ms ] story [ 20.8 ms ] threadThe biggest issue by far isn't the counterfeit or unsafe products, its the fake reviews, that's where regulators need to focus.