By FDI Creative Services on 04/29/2019
Category: Security News

Alibaba pays $250 million to settle lawsuit over pre-IPO counterfeiting warning

Alibaba Group Holding Ltd said on Monday it will pay $250 million to settle a U.S. lawsuit faulting the Chinese e-commerce company for concealing a regulatory warning about its ability to stop counterfeiting before it went public in 2014.

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