Alibaba shares fell 1.57% in premarket trading.
Chinese technology giant Alibaba will sack a manager accused of rape, according to a memo seen by the BBC.
In the letter sent to employees of the firm, chief executive Daniel Zhang said two other bosses who failed to act on the allegation have resigned.
Alibaba is working with police after a female worker said her male boss raped her in a hotel room while she was unconscious after a "drunken night".
Her allegations have been widely shared on Chinese social media.
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