·
·
Economy
The European Union has fined the Chinese e-commerce company Timo €200 million for selling illegal and unsafe products to European consumers.
The European Union has levied a €200 million fine against the major Chinese e-commerce company Timo, according to a report by Agence France-Presse.
This penalty follows findings that Timo allowed the sale of illegal products to consumers within the EU, including hazardous children's toys and defective chargers.
The European Commission stated that Timo breached consumer protection obligations required of large online platforms under the EU Digital Services Act.
An investigation conducted by the European Commission confirmed that Timo violated EU laws by failing to take adequate measures to prevent the sale of illegal products through its marketplace.
A press release from the EU emphasized that evidence revealed a significant risk to EU consumers of encountering illegal products on Timo’s platform.
Furthermore, a secret shopping analysis carried out by the Commission specifically showed that shoppers on Timo’s platform are highly likely to come across non-compliant products among the listings, including children’s toys and small electronic devices.
