Monday, April 29, 2019

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

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/2ZB6itU

No comments:

Post a Comment

IndiaAI Mission's three indigenous AI models target offline mobile access, secure use in critical sectors

Three indigenous artificial intelligence (AI) models launched under the Centre's IndiaAI Mission are being developed for applications ra...