Market Chatter: AliExpress Improving Controls in Adherence to EU Regulations

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Alibaba's (HKG:9988) AliExpress said it is working to adhere to European Union regulations after lawmakers in the bloc scrutinized the platform's executives over dangerous and counterfeit products, Reuters reported Monday.

The bloc has been investigating AliExpress since March 2024, and the platform vowed to follow through on legally binding commitments to enhance its controls.

However, reports of sex dolls being sold on AliExpress surfaced, leading the Alibaba unit to say it had banned the Chinese seller, the report said.

Shares in Alibaba rose 1% during morning trading on Tuesday.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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This information is believed to be from reliable sources but may include rumor and speculation. 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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}