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
LeShop began delivering frozen food in June 2009
Lausanne, Switzerland (GenevaLunch) – Sales in the first half of 2009 at Le Shop, Switzerland’s largest online food store, were up by 14 percent over the same period of 2008, an indication of the extent to which Swiss consumers are adopting online food ordering. Le Shop, owned by supermarket chain Migros, had sales of CHF65.6 million, up CHF9.4m over the first six months of 2008.
