Alibaba tells investors that years-long government tax breaks for the internet industry, sources say amounting to a preferential 10% rate, are coming to an end (Zheping Huang/Bloomberg)

Zheping Huang / Bloomberg:
Alibaba tells investors that years-long government tax breaks for the internet industry, sources say amounting to a preferential 10% rate, are coming to an end  —  - Some of Alibaba's units lost their preferential tax status  — China's campaign to rein in big tech extends to incentives