world

Online retailer Shein is latest to face strict European Union digital regulations

Font size+Author:International Issue news portalSource:business2024-04-27 06:30:44I want to comment(0)

LONDON (AP) — Online fast-fashion retailer Shein must face the European Union’s strictest level of d

LONDON (AP) — Online fast-fashion retailer Shein must face the European Union’s strictest level of digital regulations, the bloc said on Friday as it added the company to its list of big platforms that need extra scrutiny.

The EU’s Executive Commission said it formally classed Shein as a “very large online platform” under the 27-nation bloc’s Digital Services Act, an expansive rulebook designed to clean up online platforms and keep internet users safe.

Shein is a low-cost online retailer that was founded in China but is now based in Singapore. It reaches customers mainly through its app. The company said it will “work constructively” to “deliver a safe and compliant environment for our online community.”

“We share the Commission’s ambition to ensure consumers in the EU can shop online with peace of mind, and we are committed to playing our part,” Leonard Lin, Shein’s global head of public affairs, said in a statement. “We also share a commitment to the principles of transparency and accountability that are at the core of the DSA.”

Related articles
  • Trading Trump: Truth Social's first month of trading has sent investors on a ride

    Trading Trump: Truth Social's first month of trading has sent investors on a ride

    2024-04-27 05:43

  • Sydney shopping mall reopens after stabbings. Police make first arrest in riot after church attack

    Sydney shopping mall reopens after stabbings. Police make first arrest in riot after church attack

    2024-04-27 04:32

  • Spain's love swap! Former Man City star Ferran Torres' ex

    Spain's love swap! Former Man City star Ferran Torres' ex

    2024-04-27 04:27

  • Simon Cowell is lining up a new Britain's Got Talent kids' spin

    Simon Cowell is lining up a new Britain's Got Talent kids' spin

    2024-04-27 04:27

Netizen comments