Alibaba.com CEO Resigns in Wake of Fraud by Sellers

The Wall Street Journal reports on Alibaba's fraud case:

Sellers on Alibaba.com can display Gold Supplier credentials on the site after filing business-verification paperwork to Alibaba for a fee. But Alibaba.com said 100 sales personnel, out of its sales force of about 5,000, as well as supervisors and sales managers were "directly responsible in allowing the fraudsters to evade" the company's authentication measures.

The result is that some buyers were duped into doing business with fraudulent companies, in some cases paying for goods they didn't receive.

Link picked by Danwei.org



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