Photo from Peijin Chen.
A few links to start off your day:
- Alibaba’s CEO Wei Zhe and COO Lee Shi-Huei have resigned over an increase in fraud claims by buyers against suppliers on its business-to-business platforms. Read founder Jack Ma’s letter to employees here.
- Kerboom. That was the sound of Best Buy’s massive China collapse. But the company is not totally out of China just yet. They’ve just shut down their nine Best Buy-branded stores to focus on the domestic retail chain it acquired. Read Shaghai Scrap’s take here.
- China’s top search engine Baidu has launched a new site xunren.baidu.com to help parents find lost kids using advanced face recognition technology.
- Jottings from the Granite Studio has a guest post offering a Chinese perspective on the Jasmine Revolution.