Alibaba executive, considered CEO’s potential successor, demoted over improper behaviour

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A sign of Alibaba Group Holding Ltd is seen outside the company’s headquarters in Beijing, China, June 29, 2019. REUTERS/Stringer/Files SHANGHAI: A top executive of Alibaba Group Holding Ltd, Jiang Fan, has been demoted over allegations of improper behaviour following an internal investigation, according to a person familiar with the matter.

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