Alibaba Sacks Employees For Circulating Employee's Sexual Offense Details: Bloomberg

Alibaba Group Holding Ltd BABA suspended ten employees for publicizing sexual assault allegations against a former manager leading to his subsequent firing, Bloomberg reports.
The group shared a disturbing account by the victim who accused a former manager of rape in an internal forum violating the company's policy. The report went viral this month, highlighting the notorious corporate culture and sexism.
The group's offenses include sharing screenshots of the woman's post in the public domain after removing watermarks that bore their IDs.
Alibaba reprimanded another three people for making inappropriate comments in public forums. It had just completed its internal investigation following the harassment accusations of its employee.
CEO Daniel Zhang had acknowledged the company's poor handling of the sexual abuse complaint.
China had waged a regulatory crackdown on issues ranging from exploitative behavior to the abuse of low-wage workers.
Price Action: BABA shares traded higher by 0.91% at $160.92 in the premarket session on the last check Monday.