China Business and Finance Update
Sign up for myFT Daily Digest and become the first person to learn about Chinese business and financial news.
A former Alibaba manager was detained in China on suspicion of sexual assault. The case triggered the country’s #MeToo campaign against technology and corporate culture as the industry faces widespread regulatory crackdowns.
As the authorities stepped up their efforts, the scandal revisited China’s largest e-commerce company Comprehensive policy changes Regulatory interventions in recent weeks Wiped out billions of dollars From the market capitalization of the country’s largest technology company.
This Suspected assault According to a statement issued on Saturday by the police in Jinan, the capital of Shandong province in eastern China, it happened at a work-related dinner last month and later in a hotel.
The police statement stated that an Alibaba customer was also detained on suspicion of assaulting the woman, adding that there was no evidence of rape.
A former Alibaba employee accused her supervisor of sexually assaulting her after she was forced to drink. She also accused Alibaba for not responding to her request for investigation initially.
Alibaba, founded by billionaire Jack Ma, has been working hard to contain the expanding impact of the case.The company announced last week that the manager Got fired, And CEO Zhang Yong called the incident a “humiliation” and vowed to improve Alibaba’s corporate culture.
But increasingly outspoken tech employees, including Internet giant Tencent and other technology groups, are demanding greater changes.Their complaints light up Enormous pressure Young employees drink heavily in work activities.
Alibaba did not immediately respond to a request for comment on Sunday.
Alibaba’s allegations have sparked condemnation Corporate drinking culture By the Chinese Communist Party’s anti-corruption supervision agency, the Central Commission for Discipline Inspection.
These warnings are also issued in a broader context, that is, the authorities pay more attention to behaviors deemed inappropriate and harmful to Chinese society.Last week the authorities Announcing a five-year plan Establish a new legislative framework to centralize the party’s control of strategic sectors including technology and medical care, and “meet people’s growing demand for a better life.”
On Saturday, a comment published by the national radio station China Central Radio called for further regulatory review of online games, urging the authorities to show “zero tolerance” for games that “deliberately tamper with history” and warned that this may “easy to cause” Misleading”. opinion”.
President Xi Jinping made China’s national rejuvenation an important theme of his leadership, Historical plot It has also become an increasingly sensitive issue.
After previous warnings frightened investors and caused the stock price to plummet, technology companies and their shareholders paid close attention to comments from the official media.
Almost a third of its revenue comes from gaming, Tencent is forced to Announced restrictions How long can minors play online games after a state-run newspaper called the game “mental opium”.
The Chinese Ministry of Culture also said last week that it would crack down on songs in karaoke venues that may spread “harmful information.”
Supplementary report by Emma Zhou in Beijing