Lates News

On February 3, there were rumors in the market that the financial industry and value-added services on the internet (such as in-game purchases and advertising) could become the next target for tax rate adjustments due to their high profit margins and lower tax burdens, similar to the liquor tax rate. This news caused the stock prices of internet companies such as Tencent to collectively fall. Many industry insiders have stated that they have not received any information regarding tax rate adjustments through any channels, so the credibility of these rumors is low. (21st Century Business Herald)