Online food delivery company FreshDirect LLC said on Monday it had raised $189 million in a round led by JPMorgan Asset Management, as it seeks to expand its geographic footprint. The funding will help Long Island City, New York-based FreshDirect expand its capacity and reach, as it builds on the initial success it has enjoyed in its home area. JPMorgan Asset Management led the fundraising round through its internet and digital media-focused PG Digital Growth Fund.
By Manunphattr Dhanananphorn and Eveline Danubrata BANGKOK/JAKARTA (Reuters) - Thailand is studying plans to toughen tax collection rules for internet and technology firms like Alphabet Inc's Google, the head of the Revenue Department told Reuters, as the tax affairs of these firms comes under growing scrutiny in Southeast Asia. The plans would also cover the mobile transfers and internet payment sector, Prasong Poontaneat, director general of Thailand's Revenue Department, told Reuters.
By Sijia Jiang HONG KONG (Reuters) - Chinese billionaire Pony Ma Huateng, the founder of internet group Tencent, on Friday said his company would donate 2 percent of its annual profit to charity and flagged growth in the use of mobile internet in China's philanthropy sector. Ma's pledge follows China's introduction of new laws earlier this month that provided a legal framework for approved internet companies to raise and manage funds for charity. It also comes days after Facebook founder Mark Zuckerberg and his wife Priscilla Chan said they would donate more than $3 billion toward a plan to "cure, prevent or manage" all disease.