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AliExpress gets record €550m fine from EU for allowing sale of illegal products
Chinese online retail giant AliExpress has been fined a record €550m (£467m) by the EU for allowing the sale of illegal products such as unsafe toys and fake clothes. The European Commission said AliExpress has fallen short of its legal obligations “diligently assess” the risk of illegal, unsafe or fake goods on its platform. “The…
Japan faces Asahi beer shortage after cyber-attack
Japan is facing a shortage of Asahi products, including beer and bottled tea, as the drinks giant grapples with the impact of a major cyber-attack that has impacted its operations in the country. Most of the Asahi Group’s factories in Japan have been at a standstill since Monday, after the attack hit its ordering and…
South Korea: Online retail giant Coupang hit by massive data leak
Osmond ChiaBusiness reporter Getty Images E-commerce giant Coupang is often described as South Korea’s equivalent of Amazon.com South Korea’s largest online retailer, Coupang, has apologised for a massive data breach potentially involving nearly 34 million local customer accounts. The country’s internet authority said that it is investigating the breach and that details from the millions…
