Retail in Asia

In Shops

Bribery probe nets Alibaba employees

Alibaba Group Holdings Ltd, China’s largest e-commerce company, on Friday said police have arrested some of its employees and external shop owners following an anti-corruption investigation.

Nine online shops at Taobao.com were shut down and some of the shop owners face bribery charges, Alibaba said in a statement. It added that some shop owners have been released on bail.

Alibaba said that it will step up efforts to stop any online vendors involved in "improper" business dealings and that it will not tolerate improper activities that harm fair market competition.
 

(Source: Shanghai Daily)