Source: Tech – South China Morning PostBeijing is set to roll back tax incentives for software companies in favour of hard tech research and development, a policy change that may cast a shadow over the earnings prospects of companies such as e-commerce titan Alibaba Group Holding and internet giant Tencent Holdings.Chinese media Caixin reported on Wednesday, citing unidentified tax officials, that Chinese regulators are looking to tighten the qualification standard for so-called “key software enterprises”, by introducing more…Read More