Taiwan Business Quick Take

Staff writer, with CNA

Tue, Dec 10, 2013 - Page 14


Xiaomi new model sold out

It took just 9 minutes and 50 seconds for China’s Xiaomi Corp (小米) to sell out of all of its 10,000 Red Rice smartphones made available online for the Taiwanese market, the company said yesterday. The cheapest of Xiaomi’s handsets, the Red Rice costs NT$3,999. The dual-SIM phone, which runs on WCDMA and GSM networks, created a buzz when Xiaomi began accepting online preorders on Monday last week. Far EasTone Telecommunications Co (遠傳電信), Taiwan’s third-largest mobile carrier, is the only authorized dealer for the Red Rice phone in Taiwan, though it can also be bought online. Taiwan is Xiaomi’s first overseas market.


China trade jumps 18.8%

Trade between Taiwan and China was valued at US$180.71 billion in the first 11 months of this year, an increase of 18.8 percent year-on-year, according to statistics released yesterday by China’s General Administration of Customs. During the January-to-November period, Chinese exports to Taiwan rose 14.1 percent from a year ago to US$37.18 billion, while imports from Taiwan jumped 20.1 percent to US$143.53 billion. Last month alone, trade across the Taiwan Strait totaled US$16.44 billion, with China’s exports to Taiwan accounting for US$3.5 billion and its imports from Taiwan worth US$12.94 billion.