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Alibaba to pay $600 million to settle U.S. lawsuit over illegal drug sales on its platforms

Daniel Miller

14h ago· 2 min readenNews

business news legal e-commerce

Summary

Alibaba has agreed to pay $600 million to settle a lawsuit with the U.S. federal government over allegations that the company facilitated the sale and importation of illegal pharmaceuticals, controlled substances, and pill-making equipment into the United States through its platforms Alibaba.com and AliExpress.com. The U.S. accused Alibaba's U.S.-based payment processor, AUS Merchant Services, of failing to stop merchants from selling these illegal products.

Source

bskyAlibaba to pay $600 million to settle U.S. lawsuit over illegal drug sales on its platformsfox5dc.com

Key quotes

· 2 pulled

Alibaba is set to pay $600 million to resolve a dispute with the federal government over accusations that the company sold and imported unlawful pharmaceuticals, controlled substances, regulated chemicals, and pill-making equipment into the United States.

The U.S. accused AUS Merchant Services, Alibaba's U.S.-based payment processor, of violating federal law by failing to stop merchants from selling and importing illegal products into the U.S. through Alibaba.com and AliExpress.com.

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Alibaba reached a massive financial settlement with the U.S. government to resolve accusations that the company allowed the sale and importation of illegal pharmaceuticals and medical equipment on its major platforms.

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