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Alibaba pledges tighter internal control
By Ding Yining |
June 8, 2012, Friday
|
Online Edition
Online Edition
ALIBABA Group, China's largest e-commerce company, said today it will step up anti-corruption efforts by making disciplines more open and transparent in order to fight corruption and tighten internal examination.
Earlier this week, Alibaba appointed former group secretary-general Shao Xiaofeng as the Chief Risk Officer to optimize its management structure.
Shao told a media briefing today that complaints about misdeeds at Alibaba's daily deals site Juhuasuan dropped 90 percent in the first five months from a year ago since the introduction of new internal management rules. Job rotation is also implemented on some key positions, according to Shao.
Since the establishment in 2010, its anti-corruption department has dealt with 22 internal cases and found 27 employees were connected to the misdeeds, six of them have been arrested by the police for further investigation.
Alibaba said last month that nine vendors on its Taobao Marketplace and Tmall and several of its employees were arrested on bribery charges.
Earlier this week, Alibaba appointed former group secretary-general Shao Xiaofeng as the Chief Risk Officer to optimize its management structure.
Shao told a media briefing today that complaints about misdeeds at Alibaba's daily deals site Juhuasuan dropped 90 percent in the first five months from a year ago since the introduction of new internal management rules. Job rotation is also implemented on some key positions, according to Shao.
Since the establishment in 2010, its anti-corruption department has dealt with 22 internal cases and found 27 employees were connected to the misdeeds, six of them have been arrested by the police for further investigation.
Alibaba said last month that nine vendors on its Taobao Marketplace and Tmall and several of its employees were arrested on bribery charges.
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