Japan’s Mitsui Fudosan Group plans to leverage Japanese retail and restaurant brands and multiple entertainment services for a planned mall in Taiwan.
The mall in Taoyuan is to open by the end of the third quarter through a joint venture with Farglory Group (遠雄集團), and Mitsui Fudosan is targeting sales of NT$6 billion (US$194.79 million) in its first year of operation.
Mitsui Fudosan holds a 70 percent stake in the Sanxin Outlet Co Ltd (三新奧特萊斯) venture; Farglory holds the remaining 30 percent.
“The leasing process has been smooth, with about 90 percent of the tenancies finalized,” Sanxin Outlet general manager Wadayama Ryuichi told a news conference yesterday.
Ryuichi said the mall, able to accommodate 220 tenants, could see 60 percent of the rentals go to luxury brands, such as Armani, Versace, Michael Kors and Kate Spade, as well as several top Japanese apparel brands.
The mall’s food court is to feature 10 Japanese restaurant brands that would be new to Taiwan as the group aims to raise its food and beverage sales, Ryuichi said.
The mall is also in close cooperation with Vieshow Cinemas (威秀影城) and Eslite Group (誠品集團) to set up bookstores and movie theaters, he added.
Excluding entertainment and restaurant expenses, Ryuichi said he expects average mall customers to spend between NT$1,000 and NT$2,000 per trip.
Sanxin Outlet is counting on multiple services and special products to compete with Gloria Outlets (華泰名品城), operated by the Gloria Hotel Group (華泰大飯店集團).
Gloria Outlets is scheduled to start phase-one operations in August for target sales of NT$4 billion in the first year.
The Gloria Outlets mall is in a commercial area near the Taiwan High Speed Rail Corp’s Taoyuan Station leased by Cathay Life Insurance Co (國泰人壽) in 2012.
Taiwan Transport and Storage Corp (TTS, 台灣通運倉儲) yesterday unveiled its first electric tractor unit — manufactured by Volvo Trucks — in a ceremony in Taipei, and said the unit would soon be used to transport cement produced by Taiwan Cement Corp (TCC, 台灣水泥). Both TTS and TCC belong to TCC International Holdings Ltd (台泥國際集團). With the electric tractor unit, the Taipei-based cement firm would become the first in Taiwan to use electric vehicles to transport construction materials. TTS chairman Koo Kung-yi (辜公怡), Volvo Trucks vice president of sales and marketing Johan Selven, TCC president Roman Cheng (程耀輝) and Taikoo Motors Group
Among the rows of vibrators, rubber torsos and leather harnesses at a Chinese sex toys exhibition in Shanghai this weekend, the beginnings of an artificial intelligence (AI)-driven shift in the industry quietly pulsed. China manufactures about 70 percent of the world’s sex toys, most of it the “hardware” on display at the fair — whether that be technicolor tentacled dildos or hyper-realistic personalized silicone dolls. Yet smart toys have been rising in popularity for some time. Many major European and US brands already offer tech-enhanced products that can enable long-distance love, monitor well-being and even bring people one step closer to
RECORD-BREAKING: TSMC’s net profit last quarter beat market expectations by expanding 8.9% and it was the best first-quarter profit in the chipmaker’s history Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), which counts Nvidia Corp as a key customer, yesterday said that artificial intelligence (AI) server chip revenue is set to more than double this year from last year amid rising demand. The chipmaker expects the growth momentum to continue in the next five years with an annual compound growth rate of 50 percent, TSMC chief executive officer C.C. Wei (魏哲家) told investors yesterday. By 2028, AI chips’ contribution to revenue would climb to about 20 percent from a percentage in the low teens, Wei said. “Almost all the AI innovators are working with TSMC to address the
Malaysia’s leader yesterday announced plans to build a massive semiconductor design park, aiming to boost the Southeast Asian nation’s role in the global chip industry. A prominent player in the semiconductor industry for decades, Malaysia accounts for an estimated 13 percent of global back-end manufacturing, according to German tech giant Bosch. Now it wants to go beyond production and emerge as a chip design powerhouse too, Malaysian Prime Minister Anwar Ibrahim said. “I am pleased to announce the largest IC (integrated circuit) Design Park in Southeast Asia, that will house world-class anchor tenants and collaborate with global companies such as Arm [Holdings PLC],”