The chief executive, David Wei, and chief operating officer, Li Xuhui (Elvis Lee), of Alibaba, China’s giant e-commerce company, have resigned after more than 1,100 of their suppliers, about 1 percent, were found to have cheated online buyers, Xinhua reports. The problem was uncovered for sales in 2009 and 2010 and founder Jack Ma, one of China’s best-known business figures, told employees in a letter that ““Integrity is the foundation of values that Alibaba cherishes most, which include the integrity of the staff and a honest and safe online trading platform.”
Links to other sites: Reuters, Shanghai Daily
