business
Alibaba's Market Cap Falls Below HK$2 Trillion
Alibaba's Hong Kong-listed shares fell nearly 5% on June 25, hitting a 52-week low of HK$94.55, pushing market cap below HK$2 trillion.
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business
Bank of China Disguised 11 Private Equity Funds as Public Funds, Evaded 2.367 Billion Yuan in Taxes: Audit
China's National Audit Office revealed that Bank of China systematically evaded 2.367 billion yuan in taxes by disguising 11 private equity funds as public mutual funds through 'head-count padding' with employee contributions as low as 1 yuan.
business
Bank of China Evaded 2.367 Billion Yuan in Taxes by Disguising Private Funds as Public Funds
Audit report reveals Bank of China disguised 11 private equity funds as public funds through employee 'head-count padding', evading 2.367 billion yuan in taxes.