Taiwan is an important market for Japan’s Line Corp, creator of the fast-growing social messaging app Line, a company executive said on Tuesday.
“We had a very nice year in 2013,” Kang Hyun-bin, head director of Line Plus Corp, said at a year-end party in Taipei.
The company set up big screens and booths at the party to promote Line games and peripheral products related to their popular characters
Taiwan has become Line’s third-largest market in the world, with more than 17 million registered users, behind only Japan with 50 million and Thailand with 20 million, driven by its partnerships with local companies and the popularity of its oversized emoticons, or stickers, Kang said.
“We were very touched a year earlier, when we had 12 million registered users, and now we’re even more excited,” he said.
Sting Tao (陶韻智), vice president of Line Taiwan Office, said at the party that the company will focus on service expansion, localization and globalization this year, planning to provide more local services, including games, stickers and payment services.
The company will also cooperate with telecoms and release new applications to fight spam messages, he added.
The company is planning to launch a brand store in Taiwan this year, Tao said, but he declined to provide details about a timetable or location.
Line says it conveys more than 7 billion daily messages and more than 1 billion stickers sent by more than 330 million registered worldwide users.
The company has set a target of 500 million registered users worldwide by the end of the year.
The US dollar was trading at NT$29.7 at 10am today on the Taipei Foreign Exchange, as the New Taiwan dollar gained NT$1.364 from the previous close last week. The NT dollar continued to rise today, after surging 3.07 percent on Friday. After opening at NT$30.91, the NT dollar gained more than NT$1 in just 15 minutes, briefly passing the NT$30 mark. Before the US Department of the Treasury's semi-annual currency report came out, expectations that the NT dollar would keep rising were already building. The NT dollar on Friday closed at NT$31.064, up by NT$0.953 — a 3.07 percent single-day gain. Today,
‘SHORT TERM’: The local currency would likely remain strong in the near term, driven by anticipated US trade pressure, capital inflows and expectations of a US Fed rate cut The US dollar is expected to fall below NT$30 in the near term, as traders anticipate increased pressure from Washington for Taiwan to allow the New Taiwan dollar to appreciate, Cathay United Bank (國泰世華銀行) chief economist Lin Chi-chao (林啟超) said. Following a sharp drop in the greenback against the NT dollar on Friday, Lin told the Central News Agency that the local currency is likely to remain strong in the short term, driven in part by market psychology surrounding anticipated US policy pressure. On Friday, the US dollar fell NT$0.953, or 3.07 percent, closing at NT$31.064 — its lowest level since Jan.
The New Taiwan dollar and Taiwanese stocks surged on signs that trade tensions between the world’s top two economies might start easing and as US tech earnings boosted the outlook of the nation’s semiconductor exports. The NT dollar strengthened as much as 3.8 percent versus the US dollar to 30.815, the biggest intraday gain since January 2011, closing at NT$31.064. The benchmark TAIEX jumped 2.73 percent to outperform the region’s equity gauges. Outlook for global trade improved after China said it is assessing possible trade talks with the US, providing a boost for the nation’s currency and shares. As the NT dollar
The Financial Supervisory Commission (FSC) yesterday met with some of the nation’s largest insurance companies as a skyrocketing New Taiwan dollar piles pressure on their hundreds of billions of dollars in US bond investments. The commission has asked some life insurance firms, among the biggest Asian holders of US debt, to discuss how the rapidly strengthening NT dollar has impacted their operations, people familiar with the matter said. The meeting took place as the NT dollar jumped as much as 5 percent yesterday, its biggest intraday gain in more than three decades. The local currency surged as exporters rushed to