22 January 2019

Alibaba Group 2013 tax payment at over 7 bln yuan, paper says

Alibaba Group chairman Jack Ma said in a letter to employees Monday that he is proud that the group will be paying over 7 billion yuan (US$1.16 billion) in tax for 2013, making it the highest tax-paying internet company in China, dwarfing firms like Tencent Holdings Ltd. (0700.HK) and Baidu Inc, Beijing News reported Tuesday. Alibaba Group currently employs around 23,000 people. The company had outstanding performance in the second quarter of 2013 with a net profit of US$717 million, the report noted.

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