Alibaba

An Alibaba subsidiary president, Mr Yan Limin, has been arrested for allegedly accepting bribes. Mr Limin is the president of Juhuasuan.com which is a group buying website. 28 Alibaba employees were found to have committed “irregularities” in the first half of the year, seven of whom were referred to the authorities following internal audits. Alibaba said it is committed to the open and transparent crackdown on credit fraud and internet extortion.