BEIJING—The boss of Alibaba Group Holding Ltd’s video-streaming section has stepped down amid an review by Chinese authorities into “alleged acceptance of crude payments,” an Alibaba mouthpiece pronounced Tuesday.
Yang Weidong, 44 years old, had headed a Youku Tudou streaming service. He has been transposed by Fan Luyuan, who final month succeeded Mr. Yang as a rotating boss of a Alibaba’s Digital Media and Entertainment business group, a mouthpiece said.
A chairman informed with a conditions pronounced Mr. Yang was being questioned by police. Mr. Yang couldn’t be reached for comment, and a Alibaba mouthpiece pronounced she couldn’t yield some-more sum on a inlet of a investigation.
The reorganization comes as Alibaba and opposition Chinese tech giants
have ramped adult spending in online video content. In a third entertain finished Sept. 30, a Hangzhou-based association pronounced handling waste from a digital media and party multiplication had widened to 4.8 billion yuan ($698.2 million), adult 42% from a same duration a year ago.
Mr. Yang done a open coming final week during an industrial discussion in Chengdu, according to a eventuality organizer’s website.
He also published a bylined essay in a party-run People’s Daily final month, describing how video calm should foster mainstream amicable values instead of quite posterior a business values.
Alibaba finished a squeeze of Youku in 2016 as a e-commerce hulk raced to benefit a share of a fast-growing online video market. Together with mobile browser UCWeb and Alibaba Pictures Group, Youku is now underneath a group’s digital media and party division. The sales of this multiplication rose 24% to 5.94 billion yuan by a third entertain of this year.
—Yang Jie contributed to this article.
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