Taiwan has been ranked the sixth-biggest retail export hub in the Greater China region, for the amount of products it sells on EBay to overseas buyers, according to a survey released on Thursday by US e-commerce giant EBay Inc.
The report, titled 2013 Greater China Retail Export Industry Landscape, surveyed more than 800 e-commerce sellers in the region for transaction data from July last year to June this year and found that the five places that registered the most sales overseas were Guangdong, Hong Kong, Shanghai, Zhejiang and Beijing.
Taiwan’s sixth place in terms of transaction value is a result of its long history in conducting trade, its mature system for sellers, and its sufficient supply of workers with a specialty in trade, said John Lin (林奕彰), EBay’s vice president and CEO of the company’s Greater China branch.
“We believe that the retail export industry is entering a new phase marked by more holistic growth and greater professionalism, as local sellers are leveraging local resources and developing specialty product categories,” he told a press briefing.
The top-five product categories with the highest transaction value for Taiwanese sellers were costume and accessories, photographic equipment, automobile accessories, sports goods, and computers and accessories, according to EBay’s survey.
Mature markets like the US, Australia and the UK still accounted for the bulk of Taiwanese sellers’ transaction value, while sales in emerging markets such as Argentina, Brazil and Russia posted the fastest growth, the survey showed.
According to market research company eMarketer, the Asia-Pacific region will contribute the majority of business-to-consumer (B2C) e-commerce sales in coming years.
B2C e-commerce sales are expected to grow 23 percent in the Asia-Pacific region this year, with sales in China and Indonesia growing particularly fast at 65 percent and 71 percent, respectively, above the worldwide average of 17 percent, eMarketer said.
Taiwanese suppliers to Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電) are expected to follow the contract chipmaker’s step to invest in the US, but their relocation may be seven to eight years away, Minister of Economic Affairs J.W. Kuo (郭智輝) said yesterday. When asked by opposition Chinese Nationalist Party (KMT) Legislator Niu Hsu-ting (牛煦庭) in the legislature about growing concerns that TSMC’s huge investments in the US will prompt its suppliers to follow suit, Kuo said based on the chipmaker’s current limited production volume, it is unlikely to lead its supply chain to go there for now. “Unless TSMC completes its planned six
Intel Corp has named Tasha Chuang (莊蓓瑜) to lead Intel Taiwan in a bid to reinforce relations between the company and its Taiwanese partners. The appointment of Chuang as general manager for Intel Taiwan takes effect on Thursday, the firm said in a statement yesterday. Chuang is to lead her team in Taiwan to pursue product development and sales growth in an effort to reinforce the company’s ties with its partners and clients, Intel said. Chuang was previously in charge of managing Intel’s ties with leading Taiwanese PC brand Asustek Computer Inc (華碩), which included helping Asustek strengthen its global businesses, the company
Power supply and electronic components maker Delta Electronics Inc (台達電) yesterday said second-quarter revenue is expected to surpass the first quarter, which rose 30 percent year-on-year to NT$118.92 billion (US$3.71 billion). Revenue this quarter is likely to grow, as US clients have front-loaded orders ahead of US President Donald Trump’s planned tariffs on Taiwanese goods, Delta chairman Ping Cheng (鄭平) said at an earnings conference in Taipei, referring to the 90-day pause in tariff implementation Trump announced on April 9. While situations in the third and fourth quarters remain unclear, “We will not halt our long-term deployments and do not plan to
TikTok abounds with viral videos accusing prestigious brands of secretly manufacturing luxury goods in China so they can be sold at cut prices. However, while these “revelations” are spurious, behind them lurks a well-oiled machine for selling counterfeit goods that is making the most of the confusion surrounding trade tariffs. Chinese content creators who portray themselves as workers or subcontractors in the luxury goods business claim that Beijing has lifted confidentiality clauses on local subcontractors as a way to respond to the huge hike in customs duties imposed on China by US President Donald Trump. They say this Chinese decision, of which Agence