TV and online retailer Momo.com Inc (富邦媒體) is striving to improve its delivery service by adding more satellite warehouses to the seven it has in Taipei, Taichung and Tainan, president Lin Chi-feng (林啟峰) said yesterday at a media gathering.
While the company did not give an exact timeline, it aims to expand into the fast-moving consumer goods market and provide shipping within three hours by having 30 satellite warehouses across the nation by next year, Lin said.
The company expects the establishment of more warehouses to drive down logistics costs and provide customers with faster delivery for fresh produce, he said.
Lin said earlier this year that with faster delivery, Momo.com could also fill urgent needs, such as condoms and tampons.
The company reported revenue of NT$15.48 billion (US$496.7 million) for the first four months of the year, up 16.58 percent from a year earlier, with sales from its online shopping platform growing 21.4 percent year-on-year and accounting for 85.8 percent of total sales.
Momo attributed most of the growth to its “brand days” marketing strategy, which consists of pushing out deals on various days for selected brands.
The company is enhancing its relationship with brand vendors and now counts more than 12,000 brands on its Web site, it said.
To boost sales, the company said it has added new features to its Web site, such as allowing customers to search for items by uploading an image or by voice, supporting mobile payments by Line Pay, Apple Pay, Android Pay and Jkos Pay, and launching an all-day streaming channel on its mobile app.
The company’s board of directors yesterday approved the distribution of a cash dividend of NT$9 per share, representing a payout ratio of 86.96 percent based on earnings per share of NT$10.35 for last year.
It represents a dividend yield of 3.53 percent based on the stock’s closing price of NT$254 in Taipei trading yesterday.
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
FUTURE PLANS: Although the electric vehicle market is getting more competitive, Hon Hai would stick to its goal of seizing a 5 percent share globally, Young Liu said Hon Hai Precision Industry Co (鴻海精密), a major iPhone assembler and supplier of artificial intelligence (AI) servers powered by Nvidia Corp’s chips, yesterday said it has introduced a rotating chief executive structure as part of the company’s efforts to cultivate future leaders and to enhance corporate governance. The 50-year-old contract electronics maker reported sizable revenue of NT$6.16 trillion (US$189.67 billion) last year. Hon Hai, also known as Foxconn Technology Group (富士康科技集團), has been under the control of one man almost since its inception. A rotating CEO system is a rarity among Taiwanese businesses. Hon Hai has given leaders of the company’s six