Alibaba plans to demote ecommerce chief following investigation
Bloomberg News
Alibaba plans to demote ecommerce chief following investigation
(Bloomberg)—Alibaba Group Holding Ltd. demoted ecommerce chief Jiang Fan and took away a year’s worth of financial incentives, disciplining the top executive after concluding an investigation into allegations of improper behavior, a person familiar with the matter said. Alibaba removed Jiang, who oversees its main online shopping services, from a so-called partnership of 38 people […]