The drafted bill to tax foreign-based online platforms operating in Thailand is likely to be tweaked or frozen when a new government takes over after the next generation election. Created under the military-backed government, the bill has not been vetted by lawmakers.
Nevertheless, the Finance Ministry is considering whether the bill can be squeezed into the National Legislative Assembly’s (NLA) agenda given the poll’s delay from the tentative date of Feb 24.
Gadget Price Comparison Portal from Indonesia Completes Its Fourth Fundraising Round to Progress O2O Integration
Tokyo-based startup Pricebook, which runs the Indonesian gadget price discovery platform, bags an undisclosed amount of investment in the round that was led by Toyota-backed Mirai Creation Fund II, Sumitomo Mitsui, and SPARX.
Being a platform that collects product information and availability in both online and offline stores and shares it on its website and social media channels, Pricebook will use the proceedings to integrate 1000+ offline sellers through its website and social media channels.
Alibaba Spends $103 Million to Acquire German Big Data Startup to Help Alibaba Reach New Horizons with Open Source Technology
Having worked together since 2016 through support and open source work, Alibaba acquires Data Artisans, a startup that provides distributed systems and large-scale data streaming services for enterprises.
Under Alibaba’s ownership, we can expect it to use Data Artisans’ resources to become a more valuable data processing framework for the modern data-driven, real-time enterprise. The pair will also accelerate contributions to its large-scale data processing technology, Apache Flink, and open source Big Data.
Alibaba Clouds unveils its second data center in Indonesia which has effectively doubled the provider’s capacity locally. In addition, China’s tech giant also signs a distribution agreement with a local Internet service provider IndoInternet.
The partnership with IndoInternet gives Alibaba the additional channel for its full range of cloud computing products and services in Indonesia. Subsequently, the partnership will also help Alibaba to further build the cloud ecosystem and talent pool in the country.
Following the take-over of GuavaPass by the US-based ClassPass, Vietnamese WeFit.vn receives $1 million in a pre-Series A funding round from CyberAgent, KBInvest, and other angel investors.
The funding raised will be used to further develop its offerings and expand into new markets. The company expects to grow its user base to 1 million and to raise its Series A round in 2019