>"Penalty is equivalent to about 4 percent of Alibaba’s revenues in 2019 and comes unprecedented regulatory crackdown."

As far as I believe, It gets into complicated Accounting, but the answer is "It depends." You have to look at the entire balance sheet, their financial statements, and figure out their situation in the context of IFRS. They may have immense cash reserves that are being used to pay the fine, which may or may not be a write-off that could be used for changing their tax situation. Only have an Accounting degree, someone with more practical experience & an understanding of the context could provide further insight.