On Friday, China’s prominent e-commerce platform Alibaba announced a settlement of $433.5 million in a class-action lawsuit brought forth by investors in the United States. The lawsuit, initiated in 2020, accused Alibaba of engaging in monopolistic practices that allegedly violated anti-monopoly and unfair competition laws. Despite denying any wrongdoing, Alibaba opted for the settlement to...
Premium Membership Required
You must be a Premium member to access this content.
Already a member? Log in here
