A survey of Taiwanese netizens found that the majority are looking forward to the upcoming Double 11 “shopping festival,” the Market Intelligence and Consulting Institute (產業情報研究所) said yesterday.
Nov. 11 is observed as Singles’ Day, an annual online shopping bonanza that originated in China, but has since spread worldwide, including Taiwan.
According to the institute’s survey, 63.5 percent of respondents said they plan to make purchases that day, an increase from 57.1 percent last year and 44.9 percent in 2016.
Photo: CNA
The increase can be attributed to online marketing campaigns carried out by e-commerce operators, which are becoming more aggressive every year, institute senior industrial analyst Rosa Chang (張筱祺) said.
Although public attention to the annual event has increased, this is not always reflected in the number of sales, Chang said.
On multiple-choice questions, the survey found that most online buyers in Taiwan — 56.1 percent — favor Shopee Taiwan Co’s (樂購蝦皮) online shopping Web site, 43.9 percent prefer PChome Online Inc’s (網路家庭) platform and 36.1 percent choose Momo.com Inc’s (富邦媒) site.
Other popular online shopping Web sites include China’s Taobao.com (淘寶) and Tmall.com (天貓) with a combined 34.9 percent preference and Yahoo Taiwan (雅虎奇摩) at 28.5 percent, the survey showed.
The Double 11 event has become a new battleground for e-commerce operators, and local operators are always finding ways to provide incentives, such as deep discounts and free delivery, to attract consumers amid the growing competition, Chang said.
The survey was conducted from Thursday last week to Monday and collected 441 valid samples.
PROTECTIONISM: China hopes to help domestic chipmakers gain more market share while preparing local tech companies for the possibility of more US sanctions Beijing is stepping up pressure on Chinese companies to buy locally produced artificial intelligence (AI) chips instead of Nvidia Corp products, part of the nation’s effort to expand its semiconductor industry and counter US sanctions. Chinese regulators have been discouraging companies from purchasing Nvidia’s H20 chips, which are used to develop and run AI models, sources familiar with the matter said. The policy has taken the form of guidance rather than an outright ban, as Beijing wants to avoid handicapping its own AI start-ups and escalating tensions with the US, said the sources, who asked not to be identified because the
FALLING BEHIND: Samsung shares have declined more than 20 percent this year, as the world’s largest chipmaker struggles in key markets and plays catch-up to rival SK Hynix Samsung Electronics Co is laying off workers in Southeast Asia, Australia and New Zealand as part of a plan to reduce its global headcount by thousands of jobs, sources familiar with the situation said. The layoffs could affect about 10 percent of its workforces in those markets, although the numbers for each subsidiary might vary, said one of the sources, who asked not to be named because the matter is private. Job cuts are planned for other overseas subsidiaries and could reach 10 percent in certain markets, the source said. The South Korean company has about 147,000 in staff overseas, more than half
Taipei is today suspending its US$2.5 trillion stock market as Super Typhoon Krathon approaches Taiwan with strong winds and heavy rain. The nation is not conducting securities, currency or fixed-income trading, statements from its stock and currency exchanges said. Yesterday, schools and offices were closed in several cities and counties in southern and eastern Taiwan, including in the key industrial port city of Kaohsiung. Taiwan, which started canceling flights, ship sailings and some train services earlier this week, has wind and rain advisories in place for much of the island. It regularly experiences typhoons, and in July shut offices and schools as
CHEMICAL FIRE: 10 Indian employees were injured by smoke inhalation at a Tata Electronics plant in Tamil Nadu state that produces components for Apple Inc At least 10 people received medical treatment, with two hospitalized after a major fire on Saturday disrupted production at a key Tata Electronics Pvt Ltd plant in southern India that makes Apple Inc’s iPhone components. The fire occurred at the plant in the city of Hosur in Tamil Nadu state that makes some iPhone components. It broke out near another building inside the Tata complex, which was to begin producing complete iPhones in the coming months. The fire was contained to one building and has been extinguished fully, top district administrative official K.M. Sarayu said. No decision has been made on when
RSS