Dangdang was once a top e-commerce platform, but a drawn-out power struggle as well as divorce drama between Li and his ex-wife and co-founder has clouded the company’s future.
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Briefing: Co-founder of China’s once touted Amazon announces his departure
Despite Dangdang’s early rise to prominence, the online bookseller is gradually losing the battle with younger competitors.
Posted inHeavy Hitters
Alibaba removes youngest partner Jiang Fan after affair accusation
Jiang Fan was widely seen as a potential successor of Zhang Yong, the current CEO of Alibaba Group. This tough career setback of the 35-year-old Jiang might mean a change to the e-commerce giant’s succession plans.
