FIRST AIRED: June 3, 2016

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00:00:00
nnnnn chinese tech giant alibaba confirms one of its top executives has been taken into custody as part of an investigation into corporate corruption patrick we'll heads up alibaba is digital entertainment units leading the push to finance hollywood movies and launch an online streaming service to compete with netflix and h. b. o. the probe isn't linked alibaba itself authorities looking into corruption at one of its chinese web giant rivals ten cent where lou used to work as head of video ten census found evidence of bribery and corruption during an internal investigation , and went to authorities , officials say five or six former employees from the company's online video unit were detained on thursday as part of the investigation , ali baba is distancing itself from the scandal the companies under close scrutiny now after weeks of market turmoil in china u. s. years of its company slid on thursday to their lowest price since its i. p. o.