Momo.com Inc (富邦媒體), the nation’s largest TV and online retailer, yesterday said that it would leverage its e-commerce platform to boost sales of fish in cooperation with Kaohsiung’s Zihguan District Fishermen’s Association (梓官區漁會).
Pointing to the significant effects the COVID-19 pandemic has had on the fishing industry, Momo chairman Lin Chi-feng (林啟峰) said that the company has launched promotional sales on its Web sites and TV shopping channels to assist local fishers.
“The coronavirus outbreak has led to a drop in fish sales as high-end restaurants close down,” Vice Premier Chen Chi-mai (陳其邁) told a news conference in Taipei yesterday, following an appearance on Momo’s livestreamed shopping show where he showed his support for the local fishing industry.
Photo: CNA
Citing data provided by the association, Chen said that the decline in sales of expensive fish, such as the brown-marbled grouper, which is mainly served at five-star hotels and restaurants, has been exacerbated due to a high dependence on exports.
Overseas sales make up about 70 percent of total grouper sales, the association said.
Confident that Momo could help bolster fish sales through its multiple online and offline channels, Momo president Jeff Ku (谷元宏) highlighted the company’s know-how in the promotion of local agricultural products.
“Our sales team is extremely capable of showcasing each product through ... storytelling,” he said adding that sales of agricultural products and fresh produce last year grew 40 percent year-on-year.
Sales of agricultural products and fresh produce last quarter grew 50 percent year-on-year, Momo added.
Revenue last quarter increased 28.72 percent to NT$15.11 billion (US$503.06 million), as the pandemic buoyed sales of household goods and decorations, consumer electronics, cosmetics and pharmaceuticals, the company said.
Orders placed through Momo’s mobile application made up about 70 percent of total purchases, company data showed.
Earlier this month, the company said that it had purchased 26,269m2 of land for NT$619.82 million in Tainan’s Sinshih District (新市) for a new logistics center.
The logistics center, which is scheduled to be completed by the end of next year, is expected to become Momo’s largest distribution center in Taiwan.
Cairo’s new monorail slices across the city skyline, running above the familiar chaos of blaring horns and aging buses’ exhaust fumes that mark rush hour below. The US$4.5 billion monorail, opened this month, is among Egypt’s most prominent new transport projects, part of a debt-funded infrastructure drive criticized for sapping state finances while bringing limited benefits to most of the country’s 109 million people. “It feels like you’re in a different country,” said Ramy Sayed, a restaurant manager, aboard a driverless Innovia 300 train. “No noise, no traffic, we’re not used to this.” The eastern line runs 56km from the bustling middle-class
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
Artificial intelligence (AI) agents would supplant smartphones as the center of people’s digital lives, fundamentally reshaping personal devices and driving a major computing upgrade cycle, Qualcomm Inc CEO Cristiano Amon said yesterday. In his keynote speech for this year’s Computex trade show in Taipei, Amon said that the rise of "agentic AI" — AI systems capable of reasoning, planning and carrying out tasks autonomously — would transform how people interact with technology across phones, PCs, vehicles and wearable devices. Describing the technology as the next major evolution in computing, Amon said that "2026 is the year of agents.” For decades, smartphones have sat
RSS