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China stocks: The horror scenario – THE SHAREHOLDER

It always gets worse: Internet giants such as Alibaba, Tencent and Netease have been falling for months. Now the next business areas are apparently moving into the sights of the Chinese authorities.

Truly, these are difficult times when the ignorant handling of rape allegations and the resulting criticism are still the slightest problem for a corporation. Alibaba has fired a manager of its grocery business. The man is said to have forced an employee on a business trip, made her drunk with a customer and then raped her in her hotel room. Two executives in the Alibaba environment also had to leave because they should not have taken appropriate action after learning about the allegations from the employee. It was only when a report by the woman concerned spread on the Internet that action was taken.

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