Shein to face EU's strictest rules for online marketplaces [TechCrunch]
Booking Holdings Inc. (BKNG)
Last booking holdings inc. earnings: 2/26 04:04 pm
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Source: TechCrunch
the European Union's Digital Services Act (DSA), the Commission announced Friday. Shein had reported passing an average of 45 million monthly users in the region — which is the threshold for the EU to designate VLOPs under the DSA. The designation is important as it means the Singapore-headquartered marketplace will soon have to comply with the strictest level of online governance — requiring it to take steps to identify and mitigate systemic risks, such as related to the sale of counterfeit or illegal goods or other types of content which could pose harms to consumers' well-being. Other DSA obligations for VLOPs include a requirement to publish an ads library, as well as providing access to platform data to external researchers studying systemic risk. Shein joins roughly two dozen platforms already designated as VLOPs or VLOSE (very large online search engines) by the EU. Other VLOP marketplaces include the likes of AliExpress, which is already under investigation by the Comm
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BKNG
News
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BKNG
Earnings
- 5/2/24 - Beat
BKNG
Sec Filings
- 5/3/24 - Form 4
- 5/2/24 - Form 10-Q
- 5/2/24 - Form 8-K
- BKNG's page on the SEC website