Alibaba Demotes E-Commerce Chief After Alleged Improper Behavior
What’s new: Alibaba on Monday demoted its e-commerce chief, Jiang Fan, after an investigation into allegations of improper behavior.
Jiang, who has overseen Alibaba’s two major e-commerce platforms Tmall and Taobao since early 2019, was demoted to vice president from senior vice president, according to a company internal document viewed by Caixin.
In addition, Jiang has been removed from the partnership of 38 people who determine Alibaba’s strategic direction.
Background: Jiang became the subject of online rumors earlier this month when his wife posted on China’s Twitter-like social media platform Weibo, calling on an internet celebrity and influential Taobao seller named Zhang Yi to leave her husband alone.
Though the post was later deleted, people continued to talk about the potential relationship.
Many had viewed Jiang as a primary candidate to succeed Alibaba CEO Daniel Zhang, though the demotion casts doubts on his prospects.
Quick Takes are condensed versions of China-related stories for fast news you can use. To read the full Caixin article in Chinese, click here.
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