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Alibaba to Pay $433.5 Million to Settle Shareholder Lawsuit over Monopoly Claims

2024-10-26T035200Z_230277971_RC2JIV9SUQC3_RTRMADP_3_USA-SEC-ALIBABAGROUP-SETTLEMENT

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Reuters

16:33 JST, October 26, 2024

China’s Alibaba 9988.HK said on Friday it had agreed to pay $433.5 million to settle a U.S. class-action lawsuit filed by investors alleging monopolistic practices by the e-commerce giant.

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