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Alibaba plans to demote ecommerce chief following investigation

Alibaba plans to demote ecommerce chief following investigation

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 […]

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