EU fines Temu 200 million euros for allowing sale of illegal products

The EU slapped a 200-million-euro ($232 million) fine on Chinese-owned online retailer Temu on Thursday for allowing the sale of illegal products, including dangerous baby toys and defective chargers. According to EU regulators, European consumers are “very likely to encounter illegal items” on Temu, and the company “seriously underestimated how often EU consumers are likely […] The post EU fines Temu 200 million euros for allowing sale of illegal products appeared first on Insider Paper.