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Alibaba, Payment Firm Will Pay $600 Million to Resolve US Probe

Bloomberg Tech · Jul 1, 2026, 6:55 PM · Also reported by 2 other sources

Chinese tech giant Alibaba Group Holding Ltd and its US digital payment processor agreed to pay $600 million to resolve a federal investigation of whether they failed to prevent the sale and importation of illegal pharmaceuticals and controlled substances, the Justice Department said.

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Alibaba, Payment Firm Will Pay $600 Million to Resolve US Probe

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