Taiwan Mobile Co (台灣大哥大), the nation’s second-biggest telecoms operator, yesterday said it was offering shopping services on handsets in cooperation with the nation’s No. 2 TV shopping channel operator, Fubon Multimedia Technology Co Ltd (富邦媒體科技), as part of its long-term efforts to boost new mobile TV business.
The uptake of third-generation (3G) subscriptions is helping extend virtual shopping from TVs to mobile phones because of sufficient bandwidth and transmission speed, said Jeff Ku (谷元宏), deputy chief operating officer of Taiwan Mobile’s consumer business group. Taiwan’s 3G users have accumulated to 16 million.
“This [shopping on mobile phones] is still quite new for most people. It may take some time for people to take up such shopping service,” Ku said.
Partly helped by the new service, Taiwan Mobile’s mobile TV subscribers may at least double to 20,000 users by the end of the year, Ku said.
The company began offering the service in early January.
Taiwan Mobile and Fubon Multimedia are members of Fubon Group (富邦集團), which also includes Fubon Financial Holding Co (富邦金控).
Fubon Multimedia president Lin Chi-feng (林啟峰) is more optimistic about the new business, riding on the fast-growing trend of virtual shopping markets, including online shopping.
Lin said he expected his company’s sales from shopping via cellphones to grow to NT$100 million a month within one or two years from nothing now.
This year, Fubon Multimedia aims to expand revenues by 50 percent to NT$15 billion from last year’s NT$10 billion, Lin said.
Taiwan Mobile subscribers will be able to access Fubon Multimedia’s shopping channel, MoMo station, by subscribing to the telecoms company’s mobile TV services with a minimal charge of NT$199 a month.
Some 16 TV stations are available for Taiwan Mobile’s users.
In May, the nation’s third-biggest telecoms operator, Far EasTone Telecommunications Co (遠傳電信), launched its first shopping services, allowing mobile users to shop for a wide range of products online using mobile technologies and to make the payment.
Softbank Group Corp plans to keep a stake in the chip designer Arm Ltd, even if it sells a partial interest to Nvidia Corp, the Nikkei reported. The companies are negotiating terms, the newspaper reported, citing sources. Softbank might take a stake in Nvidia after it buys Arm, the report said. Nvidia and Arm might also merge through a share swap, and Softbank would become a major shareholder in the combined company, it said. The two parties aim to reach a deal in the next few weeks, the sources said, asking not to be identified because the information is private. Nvidia is the
Gold surged to a fresh record on Friday, fueled by US dollar weakness and low interest rates, while silver headed for its best month since 1979. Spot bullion is up more than 10 percent this month, as US real yields lingered near record lows. While the ferocity of rallies in gold and silver cooled in the middle of the week, most market watchers predict there might be more gains ahead. Both metals have added about 30 percent this year, with gold and silver exchange-traded funds boosting holdings to a record, as concern about the fallout from the COVID-19 pandemic fuels demand for
MOVING FROM CHINA? The article did not name the company, but Foxconn, Wistron and Pegatron were among firms chosen for a production-linked incentive plan in India An Apple Inc vendor is looking at shifting six production lines to India from China, which could result in US$5 billion of iPhone exports from the South Asian nation, the Times of India reported, citing people familiar with the matter who it did not identify. The establishment of the facility would create about 55,000 jobs over about a year, the newspaper reported, not naming the Apple vendor. It would also cater to the domestic market and expand operations to include tablets and laptops, the newspaper reported. Samsung Electronics Co and Apple’s assembly partners are among 22 companies that have pledged 110 billion
MediaTek Inc (聯發科) has hired a former US Department of Commerce official to help it navigate worsening US-China tensions that have already ensnared its customer Huawei Technologies Co (華為). Patrick Wilson, who most recently served as director of the department’s Office of Business Liaison, has been appointed vice president of government affairs at MediaTek USA to lead its public policy initiatives, the chip designer said in a draft press statement seen by Bloomberg News. Wilson previously worked at the Semiconductor Industry Association, where he led the trade group’s dealings with the US federal government. Technology companies with ties to or operations in China