The value of purchases made on mobile phones last year grew 365 percent to NT$4,629 (US$152.45) per person from NT$994 the previous year, as more shoppers in Taiwan placed orders using handheld devices, the Market Intelligence and Consulting Institute (MIC, 資策會) said in a report yesterday.
The average value of purchases on PCs last year was much higher at NT$17,427 per person, but experienced a significantly milder increase of 1.3 percent from the NT$17,203 the previous year, the report showed.
“There is a growing trend of more people using their handheld devices to buy electronic products or clothing online,” MIC analyst Chen Ying-chu (陳映竹) said in a report.
Chen said online shopping is becoming increasingly individualized, compared to the “group buying” offered by many early adopters of mobile shopping sites or apps, which involves offering products at significantly reduced prices on the condition that a minimum number of buyers make the purchase.
The institute’s report was compiled based on a survey of 4,073 online shoppers aged 20 or above that was conducted in January and February.
The poll showed that the number of respondents who bought products using handheld devices or mobile apps last year increased by between 3 and 4 percent annually to account for 8.6 percent and 7.6 percent of total online shoppers respectively.
Respondents who said they surf the Internet every day spent about 2.6 hours daily searching for information on various Web sites last year, 0.4 hours of which was devoted to “window-shopping” at e-commerce sites, the survey said.
“It is understandable that more people buy online because most e-commerce sites make the shopping process simpler and quicker,” Chen said, citing the average of 20 minutes it takes online shoppers to complete a purchase.
As telecom operators prepare to launch 4G services as early as the second half of the year, the popularity of online shopping is likely to continue increasing this year from last year, the MIC said.
ELECTRONICS BOOST: A predicted surge in exports would likely be driven by ICT products, exports of which have soared 84.7 percent from a year earlier, DBS said DBS Bank Ltd (星展銀行) yesterday raised its GDP growth forecast for Taiwan this year to 4 percent from 3 percent, citing robust demand for artificial intelligence (AI)-related exports and accelerated shipment activity, which are expected to offset potential headwinds from US tariffs. “Our GDP growth forecast for 2025 is revised up to 4 percent from 3 percent to reflect front-loaded exports and strong AI demand,” Singapore-based DBS senior economist Ma Tieying (馬鐵英) said in an online briefing. Taiwan’s second-quarter performance beat expectations, with GDP growth likely surpassing 5 percent, driven by a 34.1 percent year-on-year increase in exports, Ma said, citing government
UNIFYING OPPOSITION: Numerous companies have registered complaints over the potential levies, bringing together rival automakers in voicing their reservations US President Donald Trump is readying plans for industry-specific tariffs to kick in alongside his country-by-country duties in two weeks, ramping up his push to reshape the US’ standing in the global trading system by penalizing purchases from abroad. Administration officials could release details of Trump’s planned 50 percent duty on copper in the days before they are set to take effect on Friday next week, a person familiar with the matter said. That is the same date Trump’s “reciprocal” levies on products from more than 100 nations are slated to begin. Trump on Tuesday said that he is likely to impose tariffs
HELPING HAND: Approving the sale of H20s could give China the edge it needs to capture market share and become the global standard, a US representative said The US President Donald Trump administration’s decision allowing Nvidia Corp to resume shipments of its H20 artificial intelligence (AI) chips to China risks bolstering Beijing’s military capabilities and expanding its capacity to compete with the US, the head of the US House Select Committee on Strategic Competition Between the United States and the Chinese Communist Party said. “The H20, which is a cost-effective and powerful AI inference chip, far surpasses China’s indigenous capability and would therefore provide a substantial increase to China’s AI development,” committee chairman John Moolenaar, a Michigan Republican, said on Friday in a letter to US Secretary of
Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) market value closed above US$1 trillion for the first time in Taipei last week, with a raised sales forecast driven by robust artificial intelligence (AI) demand. TSMC saw its Taiwanese shares climb to a record high on Friday, a near 50 percent rise from an April low. That has made it the first Asian stock worth more than US$1 trillion, since PetroChina Co (中國石油天然氣) briefly reached the milestone in 2007. As investors turned calm after their aggressive buying on Friday, amid optimism over the chipmaker’s business outlook, TSMC lost 0.43 percent to close at NT$1,150