Alibaba to pay $433.5m to settle investor lawsuit over monopoly claims

Alibaba to pay $433.5m to settle investor lawsuit over monopoly claims

FILE PHOTO: Shopping trolley is seen in front of Alibaba logo in this illustration, July 24, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

China’s Alibaba said on Friday 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.

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