Posts Tagged ‘David Wei’

E-Commerce Fraud Forces Alibaba To Replace Internet Executives In China

The chief executive officer and chief operating officer of Chinese e-commerce behemoth Limited have resigned after the company admitted that about 100 of its own sales people were involved in allowing fraudulent storefronts on its international online marketplace. Alibaba said that members of its senior management knew of a noticeable increase of fraud claims […] Announces Slight Quarterly Growth Figures

Chinese B2B e-commerce website company announced its financial results for the quarter ended March 31, 2008 and said total revenue increased to CNY680.1 million, an increase of 53.2% year-on-year and 7.2% quarter-on-quarter.