Allegations of Sexual Assault in Alibaba, Stocks May Take a Hit
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As per the latest reports, Alibaba Group Holding has made an announcement addressing a sexual assault case. The e-commerce giant from China announced that it has taken initial actions on employees alleged to be involved in a sexual assault case.
The firm reported that the incident was reported by a female employee claimed that her boss had sexually assaulted her. The female Alibaba employee claimed that even a client was involved in assaulting her sexually.
Based on the above allegations, Alibaba Group Holding went public announcing that several staff members have been suspended as per allegations from the female employee.
The complaint was launched by the affected employee through social media. She provided details around the assault incidents in the form of a PDF file that was eleven-page long. As the allegation was circulated through social media, it was in the reach of every person interested to know more about the incident.
The employee had published her allegations on her boss and the client through Weibo. Weibo is also a social media platform that acts like Chinese Twitter. It is also known as the microblogging website that people in China love to use.
The issue is currently being investigated by the police authorities in Jinan. On Sunday, August 8, 2021, the officials informed the public that the issue was being looked into and they will be providing more information once available.
A spokesperson from Alibaba went ahead providing clarity on the matter. The spokesperson stated that at Alibaba, they have a policy for zero-tolerance when it comes to sexual misconduct. The spokesperson stated that their company would always act against such misconduct.
The spokesperson also clarified that their aim is to always provide their customers with the safest and most convenient workplace and environment. It is on top of their priority to cater to the needs of the employees and provide them with an ethical environment.
The spokesperson stated that in light of the events, they have gone ahead and taken action against the workers that have violated the company’s policies. Alibaba always values its workers and employees, and it would always take action against the bad actors who are a threat to other employees.
He clarified that as a result of the above, they have gone ahead suspending the ones responsible for violating the values and policies of the company.
Although Alibaba has made such a move in order to handle the situation. Still, there are possibilities that the company may end up facing a drop in its stock prices. This is because such matters do end up dragging the reputation of the companies down. As Alibaba is already facing a tough time, it may end up facing another hit on its stock prices.
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