Top Alibaba exec fired for helping girlfriend secure a job and accepting gifts, internal memo says

Alibaba has fired the head of its fast-growing livestreaming business, according to an internal memo obtained by CNBC.The memo says he helped a third party live-streaming firm secure a contract with Taobao Live.

The Alibaba Group Holdings Ltd. headquarters stand illuminated at night ahead of the annual November 11 Singles' Day online shopping event in Hangzhou, China, on Sunday, Nov. 10, 2019.has fired the head of its fast-growing livestreaming business for allegedly engaging in nepotism and accepting gifts, according to an internal memo obtained by CNBC.

The memo also alleges that Zhao arranged for his girlfriend to work at that same livestreaming agency, and that she was paid for the job. An Alibaba spokesperson declined to comment on the reason for Zhao's departure when contacted by CNBC.CNBC was unsuccessful in attempts to contact Zhao. Though earlier reports indicated that Zhao has a social media account on Weibo, China's Twitter-like service, a subsequent search by CNBC turned up no active accounts under that name.Livestreaming drives a

Imagine that standard being held in the White House.

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