[Reuters] Alibaba.com CEO resigns after jump in fraudulent sales

Posted by: UGN Security

[Reuters] Alibaba.com CEO resigns after jump in fraudulent sales - 02/21/11 06:19 AM

HONG KONG (Reuters) - Alibaba.com has replaced its chief executive and chief operating officer after a noticeable increase in fraudulent transactions at the Chinese e-commerce firm's website.