In a significant development, the European Union government and parliament negotiators have reached a landmark deal which defines rules to force large multinational companies to disclose the quantum of revenue they generate in the country and pay tax accordingly in the 27-nation bloc. The new law, which was proposed by the European Commission in 2016,…
Brazil’s second-hand car market is booming and Volanty’s latest funding is proof of that. On Thursday, Volanty, a digital used car portal in Brazil stated, it has received a funding of $17.6 million (70 million reais) from a consortium of venture capital funds led by Japan’s SoftBank and Kaszek of Argentina. The development comes in…
Valued at $56 billion, sources say Didi aims to spin-off its car services business before its potential blockbuster IPO. On Monday, China’s biggest ride-hailing service Didi Chuxing Technology stated it will invest $1 billion in its auto services business as part of a re-branding exercise ahead of its anticipated initial public offering (IPO). Didi also…
This is probably an adjustment period for Amazon in Australia, opine analysts since it is not the kind of company that accepts failure. It would have long term goals. Amazon has reported a modest loss in its Australian operations in its latest corporate filings. Its entry into the Australian market in 2017 had made established…
With a market capitalization of around $4 billion, Czech Republic headquartered Avast is aiming to a listing at the the London Stock Exchange in May 2018 where it expects to $200 million in primary proceeds. On Thursday, cyber security software firm Avast stated it plans on applying to the London Stock Exchange to list its…
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