Alibaba fires CEO David Wei

Alibaba fires CEO David Wei

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  • Alibaba's Wei Expects `Strong Rebound' in Profit in 2010: Video

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Two executives at Alibaba, China's largest e-commerce group, have resigned after a rise in fraudulent sales. The pair, chief executive David Wei Zhe and chief operating officer Elvis Lee Shi-Huei, were not involved in the frauds but were taking responsibility for a "systemic breakdown".

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