Patrick Liu, president of Alibaba Group Holding Ltd.’s digital entertainment unit, has been taken away by police in China, the company said.
The issue involves Liu’s time at competitor Tencent Holdings Ltd. and has nothing to do with Alibaba, the company said in an e-mailed statement. Liu is also an executive director of Hong Kong-listed Alibaba Pictures Group Ltd.
Tencent said in a text statement that the company has alerted police about suspected bribery involving former employees, and that “about five or six” ex-workers have been detained since 2014. It didn’t identify anyone.
Liu didn’t respond to two e-mails seeking comment.
Alibaba Pictures, which has been expanding in the movie industry, gained 38 percent to HK$2.34 in Hong Kong trading on Thursday. China’s stocks gained after the government took steps to shore up investor confidence to stem an equity rout.