China tech giant Alibaba dismisses livestreaming head, citing nepotism, gifts - document [Yahoo! Finance News]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
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Source: Yahoo! Finance News
FILE PHOTO: The logo of Alibaba Group is seen at the company's headquarters in HangzhouSHANGHAI ) - Chinese e-commerce giant Alibaba Group Holding Ltd has fired Zhao Yan, the head of its fast-growing livestreaming division, on grounds of nepotism and accepting gifts, according to an internal memo announcing his termination, seen by .The undated document, produced by Alibaba's human resources department and published on June 29 on the company's internal intranet for staff, says Zhao was fired after he used his position to help third-party livestreamers score favourable positioning on Taobao Live, Alibaba's main platform for live-streamed e-commerce.The document also says Zhao helped his girlfriend secure a high-paying job with a livestreaming company, and accepted gifts from business partners. The document did not link the gifts to the favourable positioning, say how the allegations were discovered or investigated, or when Zhao was fired.An Alibaba spokesman declined to comment.Zhao di
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