The executive director of Alibaba Pictures has been detained by Chinese authorities as part of a graft investigation.
Patrick Liu Chunning, 39, who is also the vice president of Alibaba Group and general manager of Alibaba Group's OSTV division, has reportedly been taken into custody by the Public Security Bureau in connection with an investigation into the alleged receipt of bribes during his employment with rival Tencent Holdings. Alibaba Group has a majority stake in Alibaba Pictures, a film production and investment company.
A statement released by the Chinese e-commerce giant on its official Weibo account said: "We understand that Liu Chunning has been detained by the police due to bribery allegations during his time at Tencent Holdings; we are extremely shocked by the news. We support Tencent's anti-corruption efforts and believe Tencent was being objective and fair regarding its report to the police."
The statement also said Alibaba would cooperate with the authorities and offer legal help for Liu's family.