Thursday, February 24, 2011

Chinese Amazon Alibaba Fires Top Execs

Alibaba.com's CEO resigned Monday, hoping to restore the company's image after the Chinese e-commerce giant revealed how its suppliers had defrauded its customers -- but analysts say his abrupt departure only raises further questions about what is really going on.Alibaba Group's business-to-business trading platform Alibaba.com identified fraudulent transactions involving 2,326 suppliers who were