REUTERS reports:
Chinese e-commerce giant Alibaba Group Holding Ltd (BABA.N) has demoted Jiang Fan, one of its most senior executives, after an internal investigation into allegations of improper behaviour, according to a person familiar with the matter.
Alibaba removed Jiang, who oversaw the company’s main online shopping divisions, from a partnership of 38 people, which appoints some Alibaba board members. It also demoted him to group vice president from group senior vice …

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Source: The Loadstar