When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
RUHN - A Scandal Tarnishes One of Alibaba's Brightest Stars
Ruhnn Holding Limited
Alibaba(NYSE: BABA) recently demoted its e-commerce chief Jiang Fan from a senior vice president to a vice president, took back his bonuses from last year, and removed him from a group of 38 "partners" who nominate the company's board members.
Jiang, who was once considered a potential successor to CEO Daniel Zhang, was reportedly disciplined for an alleged affair with social media influencer Zhang Dayi. Zhang is also the chief marketing officer of Ruhnn Holding(NASDAQ: RUHN), an Alibaba-backed company that taps social influencers to sell products online.