Yahoo-Kimo Inc (雅虎奇摩), the nation's largest Internet portal, posted a 56 percent growth in revenues last year, driven by its booming Internet advertisement and e-commerce businesses, company executives said yesterday.
"We have achieved over 50 percent growth for the last three consecutive years, and this has now turned Taiwan into the third largest market for Yahoo Inc, after the US and UK," Rose Tsou (鄒開蓮), managing director of Yahoo-Kimo, told a press conference.
E-commerce and Internet advertising made up 88 percent of total revenues last year, she said.
Its popular auction site, which comes under the e-commerce segment, reported transactions worth NT$22 billion last year, representing annual growth of 46 percent.
The portal's advertising, meanwhile, occupied 52 percent of local Internet advertising market, it said.
According to Tsou, Yahoo-Kimo is gearing up to introduce more entertainment applications for Web surfers this year, including an online music download service.
The long-awaited download platform is set for its local debut early in the second quarter, and the payments will be based on a fee-per-song and monthly subscription, said Huang Xuan-xuan (
"Some local music portals collapsed because they didn't resolve the copyright issue first, but we will not repeat that mistake," she added.
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