Chinese watchdog warning businesses to stop drinking

Chinese Communist Party’s anti-corruption watchdog said businesses should stop drinking and replace it with “correct values”

Some “under the table rules” such as forced drinking for business purposes may lead to crimes, the Central Commission for Discipline Inspection says.

Most alcohol-related stocks dropped in todays trading.

China has moved in recent weeks to clamp down on a host of sectors seen as contributing to societal problems.

The move comes due to a sexual assault case involving employees with Alibaba Group Holding.

Alibaba suspends staff members amid sexual harassment investigation

China’s Alibaba has suspended several staff members following allegations that an employee was assaulted by her boss and a client

Alibaba has 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.

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.