IfIlosemypartnerstatusandmypositionhasnotchanged,willJiangFan’saffiliateinAlishake?
Becauseoftheturmoilsurroundingthe”netcelebrity”ZhangDayi,JiangFanappliedtoAlitoinvestigate,andnowtheinvestigationhasyieldedresults.OnApril27,AliannouncedtheinvestigationandhandlingoftheJiangFanincidentbytheSpecialInvestigationTeamoftheIntegrityDepartment:thestatusofitsAlipartnerwillbecancelledfromnowon,andtherankofM7(SeniorVicePresident)whowaspromotedearlierthisyearwillbereducedtoM6(Groupvicepresident).Apersonfamiliarwiththemattertoldthesauna,Yewang,thatthechangeofrankwillaffectJiangFan’ssalaryandexpenditure,andoverall,itwillprobablyreducetheincomeoftensofmillionsofgrades.AlthoughAli’spartnerstatusdoesnotdirectlycorrespondtobusinessmanagement,ithastherighttovoteontheappointmentofthecompany’schiefofficer.Therefore,thedowngradeandcancellationofpartnerswillhaveacertainimpactonJiangFan.ThisisnotthefirsttimeAlibaba’sIntegrityDepartmenthasshot.In2010,AlibabatooktheleadinestablishinganintegritydepartmentonTaobao,whoseresponsibilityistoberesponsibleforinternalanti-corruption.In2012,Aliestablishedthe“CorruptionandComplianceDepartment”,thefirst-leveldepartmentofthegroup.Inthisrelease,Alibaba’sintegrityministrypubliclyannouncedthatthereisnointegrityproblem,anditisapersonalproblem.JiangFan,whoisalsothepresidentofTaobaoandTmall,isarepresentativeoftheAliyoungstersandapromisingfutureforMaYunandthecurrentboardchairmanandCEOZhangYong.Unlesshewasappointedasapartner,Alionceappointedhimas”Youngestpartner”.Theabove-mentionedinsidertoldthesauna,YeWang,JiangFan’spositionhasnotchanged,whichalsomeansthatthestrategycurrentlyimplementedischanging.JiangFan,presidentofTmallandpresidentofTaobao,atthelaunchconferenceof2019TmallDouble11GlobalCarnival.Picture/VisualChinasurveyresultsshowthatJiangFan’stransformationinvolvesstakes.OnApril27,AlirevealedinformationthatthespecialinvestigationteamoftheIntegrityDepartmentoftheGroupregardingAliGroup’sinvestmentinRuhane-commerceandZhangDayi’sTaobaoandTmallstoresThesettlement,activities,drainage,transactions,etc.havebeenfullyinvestigatedinternallyandexternally.Therefore,itisconfirmedthatAli’sdecisiontoinvestinRuhane-commercein2016hasnothingtodowithJiangFan;JiangFanhasalltheTaobaoandTmallstore’sbusinessactivitieswithoutanybenefittransmissionbehaviorforRuhane-commerce,ZhangDayi.However,theinvestigationteambelievesthatJiangFan’simportantpositionsinthecompany,duetoimproperhandlingofpersonalfamilyproblems,triggeredaseriouspublicopinioncrisisandhadasignificantimpactonthecompany’sreputation.Inadditiontothecancellationofpartnerstatusanddowngrade,thedisciplinaryactionimposedonJiangFanafterdiscussionbyAlibabaleadersalsoincludesrememberingandcancelingallrewardsforthepreviousfiscalyear.AccordingtoAlibaba’sdisclosure,accordingtotheinvestigation,theprocessingresultsformedbyAlibabaGroup,theAlibabaPartnerCommitteealsomadeaspecialreplacementforthis.AllthishappenedtoJiangFannowbeganwithamicroblog”outcry”10daysago.AtnoononApril17,theuserwhoseWeiboIDwas”HuaHuaDongHuaHua”publiclynamedZhangDayi,saying,”Thisisthelastwarning,andI’llbewelcometoprovokemyhusbandagain.”Subsequently,somenetizenspointedoutthatthehusbandof”HuaHuaDongHuaHua”wassuspectedtobeJiangFan,presidentofTaobaoandpresidentofTmall.Subsequently,theshoutingwasexpanded,becauseZhangDayi’sshareholdingRuhanHoldingshadbusinessdealingswithAlibaba,soinadditiontofamilydisputes,thenetworkrumoredthattherewasatransferofinterestsbetweenJiangFanandZhangDayi.SaunaNightnetFabricreportedthatin2014,ZhangDayiandRuhanHoldingsCEOFengMincooperatedtoopenaTaobaostore.ZhangDayisharedhispersonalaestheticandlifestyleonWeiboandothersocialplatforms.Atthattime,WeiboandAlibabajointlyestablishedthemicro-e-commercesystem,andZhangDayiwassupportedbytrafficasa”smallV”.In2016,Taobaostartedtocutintocontente-commerce,andZhangDayibecamethefirstanchortotryTaobaolivebroadcast,drivingtoday’spopularWeiya,LiJiaqiandothers.Inthesameyear,AlibabainvestedUS$300millioninRuhan,becomingthefourthlargestshareholder,andbroughtWeibo,BilibiliandotherindustrialchainecologyorpartnerstoparticipateinRuhanbusiness.OnApril18,2020,JiangFanpostedonAlibaba.com,becausehisfamily’scommentsonWeiboandsomeuntruenetworkrumorshadaverybadinfluenceonthecompany,andheexpresseddeepregret.JiangFanclearlypointedoutthespecificrelationshipofhisfamily.Atthesametime,JiangFanaskedthecompanytoinvestigateitself.ThecancellationofpartnerstatusmeansthattheelectionofAliwhohaslostthevotingpoweroftheboardofdirectorsmustbeveryinterestinginthehandlingofJiangFan,thatis,tocanceltheidentityofhisAlipartner.WhatdoesthismeanforJiangFan?ThismuststartwithAli’spartnersystem.TheAlipartnersystembeganin2009.Atthattime,onthetenthanniversaryoftheestablishmentofAlibaba,18founders(alsoknownas”EighteenArhats”)resignedas”founders”andbecametheoriginal”partners”ofAlibabaGroup.Thepartnershipsystemwasnotdiscloseduntilthe2013listingdocumentfortheUnitedStateswasannounced.MaYunonceexplainedtothepartnersystem,”Itisnotaninterestgroup,norisittobettercontrolthepowerofthiscompany,buttheinternalpowermechanismoftheenterprise.””Partners”areclearlydefinedinlaw.Generalpartnersrefertopeoplewhojointlyfundandjointlymanagetheenterprise,resultinginunlimitedliabilityforcorporatedebts.However,accordingtothedescriptionofAli’sprospectus,itonlyusedthisconcept,anddidnotusethedefinition.InAli,partnersarenotequaltoshareholders,directors,anddonotneedtoassumejointandseveralliability.Accordingtotheexplanationoftheprospectus,apartfromthetwopermanentpartnersMaYunandCaiChongxin,theotherpartnersshouldwithdrawfromthepartnerswhentheyretire,leaveAli,oraredelistedbymorethan50%ofthevotingatthepartnermeeting;Appointcandidatesforboardmembersinsteadofdirectmanagementofcompanyoperations;partnerresponsibilitiesaremainlyspiritandidentity,anddonotinvolvepropertycompensationliabilities.InJune2019,Ali’sfiscalyear2019reportsubmittedtotheUSSecuritiesandExchangeCommissionannouncedthelatestlistofpartners,whichexpandedto38.JiangFanwasalsoincludedinthelistofpartners.Atthetime,33-year-oldJiangFanwastheyoungestofallpartnersofAli.Ali’spartnersystemhasalwaysbeenconsideredtobeabletoavoidtheinterventionofthemajorshareholdersinthecompany’soperationswhenthegroupholdsaminoritystake.In2018,Aliannouncedtheinheritanceplan,andMaYunbegantograduallywithdrawfromAli’sspecificduties.AttheAlibabaInvestorConferenceinSeptemberofthesameyear,CaiChongxinstatedthatthepartnershipsystemhasthreecharacteristics,establishesethicalstandards,solvestheproblemofsuccessors,andavoidstheriskofkeypeople.”Everynewpartnerusuallyundergoesathree-yearreviewandneeds75%ofthecurrentpartners’supporttoensurethatthepartnerteamhasahealthycomposition.”CaiChongxinalsosaidthattheABsharesystemguaranteestheindividualfounder.Thepartnersystemcansolvethelong-termandsustainablesuccessionofcompanymanagementrights.Inaddition,whenAlibabamakesallmajordecisions(suchasappointingdirectors,absorbingnewpartners,etc.),partnersabidebythe”oneperson,onevote”equaldecisionmechanism.Therefore,JiangFan’scancellationofhispartnerstatusmeansthathehaslosthisrighttovoteonmajorcompanydecisions.OnJune14,2016,AliwasattheHangzhouHeadquartersAntiqueInvestorDayConference,whenhewasJiangTao,seniordirectorofTaobao.Picture/VisualChinaJiangFanisnotthefutureofAlibaba?Intermsofrevenuealone,JiangFan,apost-80spresidentwhoheldthepositionsoftwobusinesspresidentsofTaobaoandTmall,isrecognizedasoneofAlibaba’smostimportantexecutives.InApril2019,WangXing,CEOofMeituan,commentedinthecircleoffriendstowinalotofbattles,”(JiangFan)isthewell-deservedsuccessorofAliCEOifheisinterestedindoingthisjob.”Atthispoint,JiangFanwasrumoredtobe”SuccessortoZhangYong”bytheoutsideworld.JiangFangraduatedfromFudanUniversityin2008andworkedinGooglefortwoyearsinadvertisingandmapbusiness.In2010,JiangFanjoinedLiKaifu’sinnovationworkshopastheprojectleader,andhisbusinesswasYoumeng.YoumengwasacquiredbyAlibabainthethirdyearofitsestablishment.Afterbeingacquired,ZhangYong,whowasthenthechiefoperatingofficerofAli,cameforwardtoretainJiangFan,andentrustedhimtoZhangJianfeng,whowasthenthepresidentofTaobao,andbegantodomobileTaobao.Thetitleisseniordirector.Before2013,mobileTaobaowasjustatool.AfterJiangFantookover,hechangedthedifferencebetweenmobileTaobaoandPC,wirelessizedtheproduct,andobtainedtrafficthroughthe“scancode”strategyandopenedmobileTaobao.Intheensuingtwoyears,mobileTaobaodailyuserssoaredfrom30milliontomorethan1billion,andtheproportionofTaobao’swirelesstransactionsalsoincreasedfromafewpercenttomorethan80%.In2015,intheretaile-commercebusinessgroupdirectlymanagedbyZhangYong,JiangFanenteredthe”bancommittee”asseniordirectorofTaobaoproductplatform.In2017,JiangFanwasresponsibleformanagingthenewselectionofTaobao,andwassoonpromotedtothepresidentofTaobao.IntheevaluationofZhangYong,JiangFan”promotedTaobaotobedata-drivenandrealizedthousandsofpeople.”Duringthisperiod,JiangFandevotedhimselftoTaobao’scontentstrategyandsolvedtheneedtoguideusersto”goshopping”ontheTaobaoplatform.In2019,afterAli’snewroundoforganizationalrestructuring,JiangFanbegantoserveasthepresidentofTmall.Alihopesthatwhilemaintainingtheindependentdevelopmentofthetwobrands,itwillopenupconsumptionscenariosandrealizesubdivisionoperations.Thispositionisevenmoreserious,withtheexceptionofZhangYong,themilitary,andthetenureofthepreviousTmallpresidentsisonlyaboutoneyear.JiangFanhassetagoal.Inthenextthreeyears,Tmall’stransactionvolumewilldouble,thatis,toreachmorethan4trillionyuan,anditwillmaintainagrowthofmorethan30%everyyear.DuringtheDouble11thof2019,JiangFanacceptedthesauna.YenetsaidinaninterviewthatAlibabahasformedarelativelymaturesystem.”IwilldotheworkthatIshoulddoinit,andIwillnoticethateverythingwillbeseen.LaoXiao(referringtoZhangYong)maydomoreanalysisforusinadvance.”AnumberofpublicTmallleadershavesaidtoSaunaandYeewangthatthespecificbusinessdirectionhasbeenadjustedaccordingtoJiangFan’sstrategy.Aliinternallyfightscorruption,andtheIntegrityDepartmenthasplayedahugerole.”Alihasneverbeensoftoncorruption.”ThisisAli’sofficialresponsetointernalanti-corruption.AtthebeginningoftheestablishmentoftheIntegrityDepartment,itwasonlyaviolationoftheintegrityreport(internalemployeeviolationofdiscipline)forthehealthydevelopmentofitse-commerceplatform.Reportandfileaninvestigation.AlibabaCPOJiangFang,theheadoftheIntegrityDepartment,wasastudentofMaYunandoneofthe18foundersofAlibaba.Inorderforhertotakeoverthedepartment,MaYunoncesaid,”JiangFangcaninvestigateanyAliemployees,excepthimself.”However,JiangFangsaidnothingafterlistening,anddidnotexpresslyagree.Afteralongsilence,MaYunchangedthissentenceto:”JiangFangcaninvestigateanyAliemployees,includingmyself.”,JiangFangonlyagreed.InadditiontotheIntegrityandComplianceDepartment,therearemultipleanti-corruptionorganizationswithinAli,aswellasinternalauditandinternalcontroldepartmentsinvariousdepartmentsandbusinesslines.Alialsosetupthepositionof”ChiefRiskOfficer”.ThefirstchiefriskofficerwasShaoXiaofeng,theformerleaderofthefirstteamoftheCriminalInvestigationDivisionofHangzhouPublicSecurity.In2015,AlialsosetuptheChiefPlatformGovernanceOfficer,withpartnerZhengJunfangasresponsibleforintellectualpropertyprotection,anti-counterfeiting,andcrackingdownoncredithype.In2017,shetookovertheroleof”ChiefRiskOfficer”.SincetheestablishmentoftheIntegrityDepartment,whatmostpeoplerememberisthatinFebruary2011,AlibabaB2Bannouncedthatinordertomaintainthecompany’s”customerfirst”changesandintegrityprinciples,thecompanycleanedupabout0in2010.8%ofmorethan1,000suspectedfraudulent”Chinesesupplier”customers,thecompany’sCEOWeiZhe,COOLiXuhuiblamedhimforgivinguphisduties.In2012,JiangFangbrokethroughtheIntegrityDepartment’sinvestigationoftheJuhuabudgetbriberycase.Afterthat,fivesmalltwo(Alibabastaff)weredetainedandalargenumberofseniorofficialsweretakenawaybythepoliceforinvestigation.ThethengeneralmanagerYanLiminwassentencedtoprison7In2014,WangKai,formervicepresidentoftheHumanResourcesDepartmentofAliGroup,wassentencedtoeightyearsandsixmonthsinprisonforillegallyreceivingordemandingbenefitsfromothers,andwasconfiscatedofRMB100,000forproperty;KongQi,thevicepresidentandgeneralmanagerofTaoTiaoTiao,wastakenawaybythepoliceforcorruptionandbribery.OntheeveoftheMid-AutumnFestivalin2016,fiveemployeesofAliusedawrittenscriptto”secondarrive”133boxesofmooncakeswithinthecompany’spublicspikeofmooncakes.Aftertheincident,AlibabaGroupmadeadecisiontoadvisetheaboveemployeestoreturnbasedonthereasonthattheiractionsdidnotcomplywiththecompany’s”valuation”.Thisalsoledtoexternaldiscussions.JiangFangoncesaidthatthegroupspent4hourstoreviewanddiscuss,andMaYun,ZhangYongandotherseniorexecutivesparticipatedinit.InDecember2018,AlibabadisclosedthattheformerYoukuPresidentYangWeidongwasparticipatinginapoliceinvestigationduetoeconomicproblems.Inthesubsequentstatement,Alibabaonceagainstated,”Alihasneverbeensoftontheissueofcorruption.”Sauna,YeWangLiangCheneditorZhaoZeproofreadingLiuBaoqing