Alibaba to pay $250 million to settle lawsuit over pre-IPO warning on counterfeiting

Alibaba Group Holding Ltd said on Monday it will pay $250 million to settle a U.S. lawsuit faulting the Chinese e-commerce company for concealing a regulatory warning about its ability to stop counterfeiting before it went public in 2014.

from Reuters: Technology News https://reut.rs/2PA7PvL