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Investing.com -- The European Commission stated on Monday that Chinese online marketplace Temu is violating EU regulations by failing to adequately prevent the sale of illegal products on its platform.
According to the Commission, these findings could potentially result in a fine of up to 6% of Temu’s annual global turnover.
"Evidence showed that there is a high risk for consumers in the EU to encounter illegal products on the platform," the Commission said in a statement about Temu.
The EU regulatory body specifically noted that analysis from a mystery shopping exercise revealed that consumers using Temu are "very likely to find non-compliant products among the offer, such as baby toys and small electronics."
The Commission’s announcement represents a significant regulatory challenge for the Chinese e-commerce platform in one of its key international markets.
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