Alibaba is top taxpayer among Internet firms
Alibaba Group Holding has become China’s highest taxpaying Internet firm, in paying 10.9 billion yuan ($1.76 billion) in taxes last year.
Li Qiang, governor of Zhejiang province, where Alibaba is based, said that the Internet giant had made “a huge contribution to tax revenues last year, paying almost 30 million yuan on an average per day.”
The total tax Alibaba paid rose 56.4 percent in 2014 from 7 billion yuan in 2013.
Revenue at the world’s largest e-commerce platform rose 40 percent to 26.18 billion yuan in the fourth quarter last year, according to the company’s earnings report. (Photo 3)