Latest Alibaba Group News & Updates

Washington, July 2 (IANS) Chinese e-commerce giant Alibaba Group and its US-based payment processor, AUS Merchant Services, have agreed to pay $600 million under separate non-prosecution agreements with the US Department of Justice to resolve allegations that they failed to prevent the sale and import of illegal pharmaceuticals and related products into America through Alibaba’s online marketplaces.The settlement includes a $125 million criminal penalty and $200 million in forfeiture by Alibaba,…