E-commerce giant admitted it failed to prevent 80,000 illegal drug product sales, according to US Justice Department.

Alibaba has agreed to pay $600 million to settle a dispute with the U.S. government. The company faced allegations of selling and importing illegal pharmaceuticals and equipment…

WASHINGTON, July 1 : Chinese technology and e-commerce giant Alibaba and its U.S.-based payment processor have agreed to pay $600 million to resolve allegations that they failed…