Chinese e-commerce giant Alibaba Group Holding Ltd has fired Zhao Yan, the head of its fast-growing livestreaming division, on grounds of nepotism and accepting gifts, according to an internal memo announcing his termination, seen by Reuters.
The undated document, produced by Alibaba’s human resources department and published on June 29 on the company’s internal intranet for staff, says Zhao was fired after he used his position to help third-party livestreamers score favorable positioning on Taobao Live, Alibaba’s main platform for live-streamed e-commerce.
Livestreaming is one of Alibaba’s fastest-growing business sectors, with the company’s most recent earnings report showing a doubling between fiscal 2018 and 2019 in gross merchandise volume , which the company uses to track transaction volume, on Taobao Live.
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