Alibaba pays $433.5 million to settle lawsuit – Trendy Blogger
Bengaluru: China’s Alibaba Group Holding Co., Ltd. said on Friday that it had agreed to pay $433.5 million to settle a US class-action lawsuit filed by investors alleging monopolistic practices by the e-commerce giant. Alibaba has denied any wrongdoing, saying it entered the settlement to avoid the cost and hold up of further litigation. The … Read more