Boasts Jack Ma has fulfilled
- By Chen Boyuan
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E-mail China.org.cn, September 19, 2014
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Jack Ma, founder and chairman of Alibaba Group. [File photo] |
2. "One million yuan in tax each day"
It is a bit long story. Data shows that Alibaba achieved the goal of "one million yuan (US$162.6 thousand) in daily revenue" in 2003, after four years of operation. One year later, one million yuan became Alibaba's daily profit – and its goal in terms of daily tax.
In 2006, Ma told the press that Alibaba had reached the objective, a statement doubted by his rivals. This war of words now seems pointless because all of those who participated in the achievement have stepped out of the public view apart from Ma.
Hard facts support his "boasts": As of November, 2012, Alibaba had paid up to 3.7 billion yuan (US$601.6 million) in tax; meaning that, in the year, Alibaba actually paid 10 million yuan tax each day. As of 2013, Alibaba's annual tax payment even surpassed seven billion yuan, making it the largest taxpayer among China's Internet companies and the second largest taxpayer in the country after the provincial tobacco company of Zhejiang Province.
Alibaba's other contributions include providing jobs for more than 10 million people through its online retailing platform.
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