David Wei, the executive director of Alibaba.com Chinese commercial platform, retired, the Wall Street Journal informs.
The post shall be taken by Jonathan Lu, the chief executive of Alibaba Group sister company TaoBao. David Wei is not the only one to abandon Alibaba.com – chief operating officer Elvis Lee also left.
According to the Wall Street Journal, Mr. Wei and Mr. Lee were barred from their work owing to illegal transactions noticed on several platforms of the company. Even though David Wei and Elvis Lee were not caught in fraud, the head officials of the company hold them liable for the illegal actions discovered.
About a hundred of employees are suspected of fraud with some of them being charged with willful law violations. Alibaba.com representatives also admitted that buyers has been filing increasingly more complaints against suppliers of goods to internet shops from late 2009 to 2010. As Reuters agency says, over 2.3 thousand cases of fraud have been registered for the last two years. On average, buyers lost 1.2 thousand dollars.
The number of people registered on Alibaba.com runs over 57 millions. As of the end of the first three quarters of 2010-2011 financial year, earnings of this commercial platform constituted about 600 million dollars.