BABA(US:BABA) Sou Hu Cai Jing·2025-07-02 02:48Core Viewpoint - Alibaba is actively addressing internal corruption issues, with a focus on enhancing its compliance and risk management systems, particularly in the supply chain sector [2][3][4]. Group 1: Corruption Management - The former CEO of Ele.me was taken away by police for suspected job-related crimes, highlighting internal corruption issues [2]. - Over the past three years, Alibaba has sent over 100 employee corruption cases for judicial processing, with 33 cases in the 2025 fiscal year [3]. - The company has introduced management accountability for anti-corruption efforts, linking performance evaluations to anti-corruption responsibilities [3]. Group 2: Supply Chain Oversight - Alibaba's anti-corruption measures now extend to suppliers, with over 41,600 suppliers globally, of which more than 31,500 are in mainland China [4]. - More than 20,000 suppliers have signed ESG behavior guidelines, representing over 48% of the total [5]. Group 3: Business Operations and Compliance - Ele.me has intercepted over 20,000 fraudulent store applications and has cleared more than 31,000 non-compliant merchants [6][7]. - The active rider count on Ele.me reached 4.183 million, an increase of approximately 170,000 year-on-year [7]. Group 4: Environmental Goals - In the 2025 fiscal year, Alibaba's operational carbon emissions were 2.395 million tons, a 5% decrease year-on-year [8]. - The company aims to achieve carbon neutrality in its operations by 2030, but current reduction rates suggest challenges in meeting this target [8][9]. Group 5: Employee Dynamics - Alibaba's total employee count decreased to 124,300, primarily due to the sale of certain retail businesses [10]. - The employee turnover rate for the fiscal year was 23.5%, down from 29.3% in the previous year [10]. Group 6: ESG Rating - Alibaba has maintained a BBB rating in the MSCI ESG ratings for four consecutive years, aligning with the industry average [11].