Alibaba CEO Quits
Published:
2011-02-22
David Wei Zhe, the CEO of Alibaba, resigned yesterday, after accepting responsibility for the alleged fraud perpetrated by 1,107 users of the e-commerce portal in 2010. Li Xuhui, the COO of the online B2B company, also resigned. Lu Zhaoxi, former CEO of Taobao, has been appointed as Wei Zhe's replacement.
Source
Oriental Morning Post
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