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Yahoo Taiwan launches sales platform

By Lauly Li

Yahoo Taiwan Holding Ltd (雅虎) yesterday launched a Taiwan-Hong Kong e-commerce shopping platform, inviting about 1,000 online stores from Taiwan to explore business opportunities of cross-border online shopping. “The cross-border platform can be successful as Hong Kong has tariff exemption for imports and the consumersFULL STORY

Compal has big plans for new healthcare unit

By Lauly Li

Compal Electronics Inc (仁寶) is to set up a healthcare solutions business unit in the beginning of next year in a bid to deepen its roots in the Internet of Things (IoT) sector, the world’s second-largest contract laptop manufacturer said yesterday. “With the establishment ofFULL STORY

CDF still restructuring banking units

By Ted Chen

China Development Financial Holding Corp (CDF, 中華開發金控) plans to continue capital restructuring efforts at its two banking subsidiaries, top executives said yesterday. The company’s main subsidiary, China Development Industrial Bank (中華開發工業銀行), which used to focus on industrial banking, in May transferred most of its businessesFULL STORY

CSIST publicizes first locally made 3D metal printer

National Chung-Shan Institute of Science and Technology (CSIST, 國家中山科學研究院) yesterday demonstrated Taiwan’s first indigenously developed metal 3D printing system, saying that it hopes to see the technology used in the aerospace and defense industries. CSIST said it began to develop the system at its researchFULL STORY

PRC’s yuan ranks fourth in payment currencies

China’s yuan has overtaken the Japanese yen and moved into fourth place among the world’s payments currencies, the Society for Worldwide Interbank Financial Telecommunications (SWIFT) said yesterday. The yuan held a 2.79 percent share in world payments based on value in August, the organization saidFULL STORY

TPK revenue hits highest level seen in nine months

By Lisa Wang

Touchpanel maker TPK Holding Co (宸鴻) yesterday said revenue last month hit its highest level in nine months, with third-quarter revenue increasing by 44.23 percent from the previous quarter. However, quarterly growth is slightly less than the 50 percent growth the company forecast in July. TPK, whichFULL STORY

Taiwan Business Quick Take

CHIPMAKERS SPIL net income falls Chip packager and tester Siliconware Precision Industries Co (SPIL, 矽品精密) yesterday reported that net income declined 17.73 percent to NT$2.68 billion (US$81.37 million) last quarter from NT$3.26 billion a year earlier. Last quarter’s figure also dropped by 27.06 percent from the previousFULL STORY

Driverless taxis to be tested in Japan in tech experiment

Dozens of people in Japan are to be whisked to local shops in driverless taxis from next year in an experiment with robot technology that could be fully commercial by the time Tokyo hosts the Summer Olympics in 2020. From March, the taxis are to takeFULL STORY

Apple Inc acquires start-up developing AI for cellphones

Apple Inc acquired Perceptio, a start-up developing technology to let companies run advanced artificial intelligence (AI) systems on smartphones without needing to share as much user data. The company’s leaders, Nicolas Pinto and Zak Stone, are both established artificial intelligence researchers who specialize in developing image-recognitionFULL STORY

US urged to cite Taobao as ‘notorious’

Alibaba Group Holding Ltd’s (阿里巴巴) Taobao (淘寶) shopping Web site should be put back on the US government’s “Notorious Markets” list for failing to stop the sales of fakes, according to a group representing US clothing makers. Taobao is synonymous with counterfeits and has been unwillingFULL STORY

US drug maker to pay US$14.6m fine over bribes

Bristol-Myers Squibb will pay US$14.6 million to settle charges from US regulators that its joint venture in China gave cash and other benefits to government healthcare providers to boost drug sales. The US Securities and Exchange Commission (SEC) on Monday announced the settlement of civilFULL STORY

VW sales fall in S Korea on emissions scandal

German automaker Volkswagen AG, rocked by a diesel emissions scandal that erupted on Sept 18, saw its sales in South Korea slide 7.8 percent last month from a month earlier, according to industry data released yesterday. As sales slipped globally after an emissions-cheating cover-up came toFULL STORY

DuPont says chairwoman stepping down next week

The DuPont Co on Monday announced that CEO and chairwoman Ellen Kullman, who earlier this year fought off a bruising challenge from a major activist investor, would retire at the end of next week. The maker of everything from Pioneer agricultural seeds to Kevlar fabric alsoFULL STORY

Cisco’s new boss betting on security requirements

Under John Chambers, Cisco Systems Inc spent years selling investors and customers on the concept of an Internet of Things — the vast and growing conglomeration of cars, appliances and other gadgets connected and communicating over networks. Chuck Robbins, who succeeded Chambers, says the networking-equipment maker’sFULL STORY

Sony Corp spinning off semiconductor business next year

Sony Corp will spin out its semiconductor business into a new company as president Kazuo Hirai revamps the devices business to focus on hit products such as image sensors and considers selling underperforming assets. Sony Semiconductor Solutions Corp will begin operating in April and be ledFULL STORY

World Business Quick Take

GERMANY Industrial orders decline Industrial orders fell unexpectedly in August as demand from non-eurozone countries weakened, raising worries a slowdown in China will cut into exports from Europe’s biggest economy. Contracts for goods declined by 1.8 percent on the month, the Ministry for Economic Affairs and EnergyFULL STORY

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