New Australian GST Rules Force Amazon To Stop Domestic Consumers From Its Global Site

New laws in Australia that force Amazon to the good and services tax on transactions has prompted the e-retailer to not allow its Australian consumers to its global sites. Australian consumers shopping on Amazon international sites will be redirected to the local Australian site from July 1 when the new GST regulations begin. There would…

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SenseTime Group valued at $4.5 billion in latest funding round

The development underscores the fact that the Chinese facial recognition company is gaining strategic bulk. SenseTime Group, a Chinese facial recognition technology company, disclosed that it raised $620 million in its latest funding round which saw its valuation touch $4.5 billion. The funding round was led by Fidelity International, Hopu Capital, Silver Lake and Tiger…