E-commerce operator Momo.com Inc (富邦媒體) yesterday posted record revenue of NT$6.48 billion (US$227.5 million) for last month, up 25.6 percent year-on-year on the back of a “Double 12” shopping event that saw sales increase 36 percent year-on-year.
Revenue was also boosted by robust sales of electric heaters, dehumidifiers and winter clothing during a spate of cold fronts, the company said in a statement.
Sales of information technology products and home appliances grew 35 percent year-on-year last month, and those of health and beauty-related products increased 29 percent, it said.
Photo: Vanessa Cho, Taipei Times
The strong performance saw fourth-quarter revenue grow 30 percent year-on-year to NT$20.67 billion and boosted full-year revenue to NT$67.2 billion, up 29.6 percent, it added.
Local rival PChome Online Inc (網路家庭) on Sunday posted revenue of NT$4.17 billion for last month, up 13.66 percent year-on-year.
Purchases for Christmas, end-of-year sales, seasonal demand for consumer electronics and sales of New Year dishes supported the performance, the company said in a statement.
Meanwhile, downloads of the company’s mobile app exceeded 5 million and its number of new members increased by 50 percent year-on-year, suggesting that consumers are continuing to shift to online shopping, it said.
PChome said that electric appliances, such as heated blankets and electric heaters, were particularly popular last month, while sales of board games, mahjong and interactive games also increased, as more people celebrated New Year’s Eve at home due to the COVID-19 pandemic.
Corporate purchases of gifts for employees’ year-end parties significantly boosted shipments of consumer electronics, information and communication products, and gaming products, it added.
PChome’s cumulative revenue for last year was a record-high NT$43.87 billion, up 12.82 percent year-on-year, company data showed.
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
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
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