article thumbnail

Vietnam Launches New Social Media App As Facebook Alternative

PYMNTS

The social media company has teamed up with Sony Music Entertainment to feature music content, and aims to reach three million users in 2019 and 20 million by January 2021. “Vietnamese users and enterprises are relying too much on Facebook, as there are not so many social networks for them to choose from,” Kien said.

article thumbnail

Bitcoin Daily: S. Korea Eyes Crypto Capital Gains Tax; Crypto Lawyers See Rise In Demand

PYMNTS

South Korean crypto users might soon see 20 percent taxes on their currency, according to Cointelgraph. ” But Sung Tae-yoon , an economist with Yonsei University, warned that taxing cryptocurrencies could slow the country’s tech markets. They falsely claimed to have a Harvard-educated CEO backing them. And, the U.S.

Taxes 170
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Amazon To Open Manhattan Office In 2021

PYMNTS

between 33rd and 34th Streets where it will have more than 1,500 employees when it opens in 2021. Amazon said it is taking the space in the property, which is being redeveloped, without any of the special tax credits it had been offered previously. The eCommerce giant has signed a lease for 335,000 square feet at 410 Tenth Ave.

article thumbnail

Top News Updates In Personal Finance | February ’21

BankBazaar

Here’s a roundup of the latest news updates in the past week including a few highlights of the Union Budget 2021 ?. . ?. BankBazaar Studio brings to you another roundup of the latest news updates in the past week including a few highlights of the Union Budget 2021 ?. . lakh crore. – HDFC Bank reports Q3 profit at Rs.2,926

article thumbnail

Digital Payments Startup GPay Awarded Vietnam License

PYMNTS

The G-Group ecosystem includes Vietnam’s social media network Gapo and P2P lending platform Tima. In July 2019, Vietnam introduced Gapo, a social network similar to Facebook, after the Communist-ruled government asked domestic tech companies to create substitutions. Gapo has received 500 billion dong ($21.55

Payments 154
article thumbnail

Vietnam’s Social App Lotus Seeks Funds To Compete With Facebook

PYMNTS

Vietnam ranks seventh in terms of the number of Facebook users, but the social media giant could face hurdles in the country after the Vietnamese government asked Facebook to authenticate its users and indicated that only authenticated users will be allowed to use its live-streaming service. Gapo has received 500 billion dong ($21.7

article thumbnail

Be Sure Your Business is Ready for the Coming Year!

FirstInternet

There’s no doubt that 2021 is going to be unlike any year before it, so whether your goal is to overcome lost revenue from the past year, or looking to build on a surprisingly strong 2020, there are things to consider to increase the potential for a more profitable year ahead. For better or worse, 2020 has been an “interesting” experience.