The European Union is prepared to imminently open an investigation into Temu for failing to stop the sale of illegal products on the internet, according to Bloomberg. This investigation could lead to large fines for the e-commerce firm.
The European Commission will open a formal procedure against the platform, whose parent company is PDD Holdings, to investigate whether it is breaking the rules against illegal activities on-lineaccording to sources cited by the agency.
According to the EU Digital Services Law, internet platforms with more than 45 million users on the continent must take measures to stop the spread of disinformation and illegal content, including the sale of products that do not comply with community regulations, or else They risk fines of up to 6% of their global annual income.
Following the formal EU investigation, Temu has the right to propose the adoption of countermeasures to respond to the Commission’s concerns and avoid possible sanctions.
The investigation comes after the EU asked Temu on October 11 to share data on how it addresses the issue of counterfeit products or insecure on their platform. At the time, the Commission said it had demanded “detailed information and internal documents on the mitigation measures taken against the presence and re-emergence of traders selling illegal products” in Temu.
#European #Commission #preparing #investigation #Temu #selling #illegal #products
