Sunday, February 23, 2020

E-commerce companies seek more time for 1% TDS levy

The e-commerce entities, including Amazon and Walmart-owned homegrown e-tailer Flipkart, have said they need time to upgrade IT systems in order to enable them to collect the 1% tax deduction at source (TDS) from sellers, a senior government official said. https://ift.tt/2wBtFcJ https://ift.tt/eA8V8J

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Chinese video game giant NetEase reports Q4 revenue up 3% YoY to ~$4B and net profit down 29% to ~$903M, below ~$1.2B est., as it pushes self-developed games (Sherry Qin/Wall Street Journal)

Sherry Qin / Wall Street Journal : Chinese video game giant NetEase reports Q4 revenue up 3% YoY to ~$4B and net profit down 29% to ~$903...