China's largest Internet portal, Sina.com (
By merging operations and creating new product channels via the portal, the Nasdaq-listed company is betting that advertising sales in eastern China, especially in Shanghai, will offset thinning revenues in Taiwan.
"The ad spending in this region has been growing significantly, while that in Taiwan is declining," Benjamin Tsiang (蔣顯彬), Sina.com's vice president and Taiwan office general manager, was quoted as saying by the Shanghai Daily.
"The growing income in this region has convinced consumer goods manufacturers to buy more advertisements online," he said.
Shanghai branch spokeswoman Ding Yang told reporters that 600,000 Taiwanese living in China's bustling eastern port city would create demand for Internet-related services and products across the Taiwan Straits.
Real estate and travel services were two of the new Internet channel options the company plans to offer in the next two months -- a reflection of Shanghai's growing disposable income.
Sina.com will add more sales staff in Shanghai -- bringing the number employees in the region to 40, Ding said.
In 2001, the group's revenues increased to US$2.6 million from US$1.4 million the year earlier.
HSBC Holdings PLC is deepening its commitment to Taiwan as the economy emerges as one of the bank’s fastest-growing markets globally, driven by an artificial intelligence (AI) investment boom, expanding cross-border trade, and rising wealth creation. “The advantage that Taiwan has is a growth story linked to the semiconductor and broader AI industries, strong underlying corporate performance, and wealth creation,” said Surendra Rosha, HSBC’s co-chief executive for Asia and the Middle East, in an exclusive interview with the Taipei Times on June 2, during this year’s HSBC Taiwan Conference. That combination has helped HSBC cement its position as the most profitable international
Taiwanese firms have increased investment in the Philippines in recent years as Manila’s ties with Washington deepen and global supply chains continue to shift away from China, an expert at the Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) said yesterday. The Philippines had not been among Taiwanese investors’ top choices in Southeast Asia, CIER Taiwan ASEAN Studies Center director Kristy Hsu (徐遵慈) said at a seminar in Taipei. However, Taiwan’s investment in the country has grown significantly since the COVID-19 pandemic, reaching US $257 million last year, a high in recent years, she said. Although Taiwan’s total investment in the Philippines still lags
Intel Corp regards Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) as a longstanding partner, as the US chipmaker would continue outsourcing production of advanced chips to TSMC, Intel chief executive officer Lip-Bu Tan (陳立武) said yesterday. “I don’t look at people as competitors. I look at the collaboration... Nvidia is also, you know, a good friend,” Tan told a news conference following his keynote speech at the Computex trade show in Taipei. “It’s a very trusted partnership for us... We are a big, top customer for them, and we’re going to continue doing that,” he said, referring to TSMC, the world’s largest foundry
Hon Hai Precision Industry Co (鴻海精密) yesterday said it would work with US chipmaker Intel Corp to jointly develop and deploy next-generation artificial intelligence (AI) infrastructure and intelligent computing platforms in a move to capture booming demand for AI computing systems. Hon Hai, also known as Foxconn Technology Group (富士康), said in a statement that the partnership would combine its global manufacturing scale, system integration expertise and AI data center deployment capabilities with Intel’s strengths in processor architecture, silicon technologies and software ecosystem. The companies said they plan to work on equipment used in AI data centers, including server racks powered by
RSS