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Alibaba sexual harassment investigation: ‘no evidence to prove rape’

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Police have found no evidence that an Alibaba employee was raped by her boss and a client on a business trip

Chinese police say there is not enough evidence to prove that a manager and client raped an Alibaba employee at a business trip.

In their initial findings police say the former manager was suspected of committing “forcible indecency” against the woman.

Two senior executives at the e-commerce giant have resigned and Chief Executive Daniel Zhang says the company’s handling of the incident is a “humiliation”.

Alibaba launches investigation

Alibaba launched an investigation after an anonymous employee published an 11-page document detailing how her boss and a client assaulted her on a business trip.

The document has circulated widely online, prompting a social media storm. The story was one of the top trending items on Weibo over the weekend of publication.

The woman says her boss coerced her into going on a business trip with him to meet one of her team’s clients in the city of Jinan.

The woman recounts that she woke with no clothing or memory of what happened

After drinking with the client one evening, she says she woke up in a hotel room the following day with no clothing or recollection of what happened.

CCTV footage from the hotel showed that her boss visited the room four times during the evening.

The woman reported the incident to human resources and management. However, no further action was taken against her boss.

Police in China’s city of Jinan said they were investigating the incident while Alibaba launches an investigation

“Alibaba Group has a zero-tolerance policy against sexual misconduct,” a spokesperson said. “We have suspended relevant parties suspected of violating our policies and values.”

The spokesperson also said Alibaba has created an “internal task force” to investigate the incident and support the police investigation.

Alibaba CEO Daniel Zhang addressed the incident in a post to the company’s internal message board

“It is not just Human Resources who should apologize. The related business department managers also hold responsibility and should apologize for their silence,” Zhang wrote.

“Starting from me, starting from management, starting from human resources, everyone at Alibaba must empathize, reflect, and take action.”

Alibaba has responded by suspending the woman’s supervisor. It has also suspended the human resource worker who failed to take action against the alleged perpetrator.

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Natasha is an Associate Producer at ticker NEWS with a Bachelor of arts from Monash University. She has previously worked at Sky News Australia and Monash University as an Online Content Producer.

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Australia revises superannuation tax plans for fairness

Australia revamps retirement tax with new thresholds and increased support for low-income earners amid political pressure

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Australia revamps retirement tax with new thresholds and increased support for low-income earners amid political pressure

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In Short:
– Treasurer Jim Chalmers announced a 40% tax on retirement balances over $10 million, aiding low-income earners.
– The reform improves the Low Income Superannuation Tax Offset, helping 1.3 million Australians with higher annual payments.
Australian Treasurer Jim Chalmers announced a significant overhaul of the government’s superannuation tax proposal.The new plan introduces a 40 percent tax rate on retirement balances exceeding $10 million while increasing support for low-income earners.

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The announcement comes after months of political and industry pressure and represents a major shift from the original policy.

It addresses prior criticisms related to indexation and taxation of unrealised capital gains.

Under the revised policy, balances between $3 million and $10 million will face a 30 percent concessional tax rate.

Both thresholds will now be indexed to inflation to prevent bracket creep affecting middle-income Australians.

The government has also removed taxes on unrealised capital gains, with changes applying solely to realised earnings from 2026.

“This has been a contentious policy,” Chalmers stated, indicating that it affects less than 0.5 percent of Australians, with about 80,000 anticipated to have over $3 million in superannuation next year.

Key Benefits

The reform package significantly improves the Low Income Superannuation Tax Offset (LISTO).

Annual payments will rise from $500 to $810, with an increased eligibility threshold from $37,000 to $45,000 by 2027.

This adjustment will assist approximately 1.3 million Australians, mainly benefiting women.

Eligible workers could gain around $15,000 in retirement, increasing LISTO eligibility to 3.1 million Australians.

The changes could generate about $1.6 billion in net revenue by 2028-29, a decrease from the original $2.5 billion projection due to enhanced LISTO benefits and extended implementation.


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Bitcoin declines to $104,782 amid trade tensions

Bitcoin drops to $104,782 as Trump intensifies US-China trade tensions, impacting global markets

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Bitcoin drops to $104,782 as Trump intensifies US-China trade tensions, impacting global markets

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In Short:
– Bitcoin dropped to $104,782 due to heightened US-China trade tensions.
– The S&P 500 Index fell over 2% amid escalating market uncertainty.
Bitcoin fell to $104,782 amid escalating US-China trade tensions.On October 10, U.S. President Donald Trump announced a significant increase in tariffs on Chinese goods, raising them to 100%.

The decision follows China’s recent restrictions on rare earth mineral exports, which are crucial for various technologies and manufacturing sectors.

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The trade dispute affected global markets, resulting in a more than 2% decline in the benchmark S&P 500 Index.

Bitcoin experienced an 8.4% drop at $104,782 by 17:20 ET, while Ethereum, the second-largest cryptocurrency, fell by 5.8% to $3,637 at 17:21 ET.


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Gold plunges as investors react to Middle East ceasefire

Gold prices fall over 2% to below $4,000, as investors shift from safe-haven assets after Gaza ceasefire news.

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Gold prices fall over 2% to below $4,000, as investors shift from safe-haven assets after Gaza ceasefire news.


Gold prices have fallen sharply, dropping over two per cent to below $4,000 per ounce, as investors took profits following the announcement of a Gaza ceasefire agreement. The deal between Israel and Hamas triggered a shift away from safe-haven assets, with silver and platinum also sliding.

The U.S. dollar strengthened as markets responded to the news, making precious metals more expensive for foreign buyers. Analysts say the pullback is likely temporary, with long-term demand for gold and silver expected to remain strong amid global instability and rising debt levels.

Market experts warn that volatility will continue as geopolitical tensions persist, even as short-term optimism grows around the Middle East peace process.

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