Alibaba to pay $600m to settle illegal drug sales allegations in US probe
- E-commerce giant admitted it failed to prevent about 80,000 illegal drug product sales, according to US Justice Department.
- Chinese technology and e-commerce giant Alibaba and its United States-based payment processor will pay $600m to resolve allegations that they failed to prevent illegal drug sales, according to the US Justice Department.
- The Justice Department said on Wednesday that Alibaba and AUS Merchant Services agreed as part of the deal to accept responsibility for the acts of their officers and employees, and enhance their compliance programmes.
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- E-commerce giant admitted it failed to prevent about 80,000 illegal drug product sales, according to US Justice Department.
- Chinese technology and e-commerce giant Alibaba and its United States-based payment processor will pay $600m to resolve allegations that they failed to prevent illegal drug sales, according to the US Justice Department.
- The Justice Department said on Wednesday that Alibaba and AUS Merchant Services agreed as part of the deal to accept responsibility for the acts of their officers and employees, and enhance their compliance programmes.
Sources: Al Jazeera