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High-flying Alibaba executive demoted over personal scandal

Weibo post sparked speculation over Tmall and Taobao president Jiang Fan

Jiang Fan, president of Alibaba's Taobao and Tmall, attends the Chinese e-commerce group's Singles' Day global shopping festival in Hangzhou in Novebmer 2019.   © Reuters

BEIJING (Financial Times) -- A top Alibaba executive and one-time contender to take charge of the e-commerce giant was demoted on Monday after a personal scandal erupted involving his wife and an internet celebrity who sells goods on its platforms.

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