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Alibaba Agrees to $600M Settlement Over Illegal Drug Sales on Its Platforms

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Chinese e-commerce giant Alibaba has agreed to pay $600 million to settle charges brought by US authorities. The allegations center on Alibaba's US-based payment processor, AUS Merchant Services, which is accused of violating federal law. Authorities claim the company failed to stop merchants from selling and importing illegal drugs into the United States via Alibaba.com and AliExpress.com. The settlement resolves claims that Alibaba's payment infrastructure effectively facilitated unlawful transactions on its platforms.

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