Alibaba says it paid USD 3.41 bn in taxes, creates 30 mn jobs

Image
Press Trust of India Beijing
Last Updated : Jan 04 2017 | 9:42 AM IST
China's e-commerce giant Alibaba paid a total of USD 3.41 billion in taxes in 2016 and created 30 million jobs, the company said.
Alibaba led merchants operating on its platforms, upstream manufacturers and logistics companies to pay at least 200 billion yuan in taxes last year and created more than 30 million jobs, it said.
The company has also catalysed new business such as outsourcing of customer service, product photography, quality testing, e-shop design, recruitment and training for e-commerce, it said in a statement.
There are over 45,000 such service providers on Alibaba's shopping platforms, Taobao and Tmall, the company said, adding those service providers had registered 142-per cent growth in income year on year as of September 30.
Alibaba and its financial branch paid a total of 23.8 billion yuan in taxes in 2016 up 33 per cent compared to 2015.
Its Ant Financial had offered services of various kinds to 600 million people globally as of the end of 2016, state-run Xinhua news agency reported.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 04 2017 | 9:42 AM IST

Next Story