China's taxman is coming for Alibaba

April 8, 2015 2:47 AM

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China's taxman is coming for Alibaba

China stands to collect billions of dollars in taxes as Alibaba insiders unload shares held under lock-and-key since the tech firm's record-breaking market debut last year.

Two of the company's "lock up" agreements have now expired, releasing an additional 437 million shares for trading. Another 1.6 billion shares -- owned by co-founders Jack Ma and Joe Tsai and investors Yahoo and Softbank -- will be eligible to hit the market in September. Alibaba sold 320 million sh...

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