The European Union has introduced new customs rules that will affect millions of imported parcels entering its market. The decision was approved by the Council of the European Union and marks a major change in how small online purchases from outside the EU are handled.

These evolving customs laws in the EU are going to be closely watched by major players in the ecommerce space like Alibaba Group Holding Ltd. (NYSE: BABA) given the impact they are likely to have…

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