Alibaba, Ant Financial Paid USD7.7 Billion in Taxes Last Year
Xu Wei
DATE:  Apr 02 2019
/ SOURCE:  yicai
Alibaba, Ant Financial Paid USD7.7 Billion in Taxes Last Year Alibaba, Ant Financial Paid USD7.7 Billion in Taxes Last Year

(Yicai Global) April 2 -- E-commerce behemoth Alibaba Group Holding and fintech affiliate Ant Financial Services Group, which runs Alipay, were the biggest taxpayers among China's internet companies last year with a combined tax bill of CNY51.6 billion (USD7.7 billion).

That translates to CNY140 million (USD21 million) a day, financial news website EEO reported.

Hangzhou-based Alibaba topped the same list back in 2013 when it paid over CNY7 billion (USD1 billion) in tax, and the following year became the first internet-based company to pay more than CNY10 billion in taxes in a single year, handing over CNY10.9 billion.

Editor: James Boynton

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Keywords:   Alibaba,Ant Financial Group