A Scandal Tarnishes One of Alibaba’s Brightest Stars [The Motley Fool]
Ruhnn Holding Limited (RUHN)
Company Research
Source: The Motley Fool
Alibaba(NYSE:BABAJiang, who was once considered a potential successor to CEO Daniel Zhang, was reportedly disciplined for an alleged affair with social media influencer Zhang Dayi. Zhang is also the chief marketing officer ofRuhnn HoldingNASDAQ:RUHNImage source: Alibaba.The scandal started after Jiang's wife warned Zhang to stay away from her husband in a public post onWeiboAlibaba subsequently issued an internal memo declaring its investment in Ruhnn had "nothing to do" with Jiang Fan, and that Ruhnn's Alibaba stores hadn't benefited from Jiang's influence. However, Alibaba also accused Jiang of "inappropriate" behavior and declared the crisis had tarnished Alibaba's reputation -- which could spell trouble for the company's core commerce business.Another headwind for Alibaba's e-commerce businessAlibaba's core commerce revenue rose 8% annuallylast quarterImage source: Getty Images.However, Alibaba has also grownincreasingly dependentadjusted EBITAThe company also warned that its core
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