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India plans to abolish the digital advertising tax, benefiting American companies such as Google, Meta, Amazon, and others.
According to informed sources, India plans to cancel a controversial digital advertising tax policy in order to alleviate U.S. concerns and promote progress in the bilateral trade agreement.
Has AI already entered a bubble??? What exactly did Alibaba's Cai Chongxin say today!
Sina Technology reported on the afternoon of March 25, that according to market news, at the 2025 HSBC Global Investment Summit held in Hong Kong, Alibaba Group Director Cai Chongxin stated that there is a bubble in AI Datacenter construction and that computing power is already in surplus. However, conveyed by stock self-media, it turned into Cai Chongxin saying that AI has already formed a bubble. So, what exactly did Cai Chongxin say at the conference? It is reported that at the meeting, Cai Chongxin indicated that caution is needed in the field of Datacenter construction as a potential bubble may be forming. He pointed out that there is currently a trend of blindly building Server bases without adequately considering a defined customer group.
According to sources, India plans to cancel the digital tax in an attempt to ease trade relations with the United States.
India plans to cancel a controversial 6% digital tax that primarily affects American technology giants such as Google, Meta, and Amazon. President Trump of the USA referred to 'reciprocal tariffs' imposed on trade partners, including India, starting from April 2, causing panic among Indian exporters. A government source familiar with the matter stated on Tuesday that as part of an amendment to the 2025 Fiscal Bill, the Indian government proposed to eliminate the 6% equalization tax imposed on online services, including advertising. The source added that parliament is expected to approve the bill this week, making the decision regarding the tax effective from April 1. Indian finance.