E-commerce operator Momo.com Inc (富邦媒體) on Tuesday announced the construction of 10 satellite warehouses and a logistics center in southern Taiwan.
The infrastructure upgrades would help to lower costs and shorten shipping times for packages delivered to southern Taiwan, the company said at a media gathering.
“These new logistics upgrades will elevate our ability to deliver all across Taiwan,” Momo chairman Lin Chi-feng (林啟峰) said. “We anticipate the southern logistics center to begin operations in 2023.”
Photo: CNA
The firm launched its subsidiary Fu Sheng Logistics Co (富昇物流) in May last year so that it could operate its own fleet of delivery vehicles.
“We hope to increase the percentage of deliveries completed by Fu Sheng to 15 percent this year,” Lin said.
Northern Taiwan accounts for 60 percent of Momo’s orders, while central and southern Taiwan each account for 20 percent.
However, the company’s main logistics center and warehouse are in the north.
Packages destined for the south are dispatched from the northern logistics center, which is inefficient, the company said.
Momo has benefitted from the shift in consumer behavior driven by the COVID-19 pandemic, as consolidated revenue last year increased 29.65 percent year-on-year to reach a record NT$67.2 billion (US$2.37 billion) from NT$51.83 billion in 2019.
Thanks to improving operational efficiency and economies of scale, net profit last year increased 39.48 percent to NT$1.94 billion from NT$1.39 billion in 2019, with earnings per share rising from NT$9.95 to NT$13.87, company data showed.
On Tuesday, PChome Online Inc (網路家庭) announced that it would launch a share buyback program to reward employees, and proposed distributing a cash dividend of NT$1.3 per share to shareholders, which would represent a payout ratio of 60.19 percent.
PChome Online said that its board of directors approved a plan to buy back 1.5 million shares, or 1.27 percent of its outstanding shares, on the open market for NT$60 to NT$100 per share from yesterday to May 16.
The company added that it plans to reward employees with the repurchased shares over the next five years.
The e-commerce company reported that net profit last year increased 55.63 percent to NT$252.79 million from NT$162.44 million in 2019, with earnings per share increasing to NT$2.16 from NT$1.39.
Revenue last year increased 12.82 percent to a record NT$43.87 billion from NT$38.88 billion in 2019, company data showed.
This year, the company said that it aims to increase its customer base by offering points-based incentives, and to expand offline channels, from large chains to small stores.
It was late morning and steam was rising from water tanks atop the colorful, but opaque-windowed, “soapland” sex parlors in a historic Tokyo red-light district. Walking through the narrow streets, camera in hand, was Beniko — a former sex worker who is trying to capture the spirit of the area once known as Yoshiwara through photography. “People often talk about this neighborhood having a ‘bad history,’” said Beniko, who goes by her nickname. “But the truth is that through the years people have lived here, made a life here, sometimes struggled to survive. I want to share that reality.” In its mid-17th to
‘MAKE OR BREAK’: Nvidia shares remain down more than 9 percent, but investors are hoping CEO Jensen Huang’s speech can stave off fears that the sales boom is peaking Shares in Nvidia Corp’s Taiwanese suppliers mostly closed higher yesterday on hopes that the US artificial intelligence (AI) chip designer would showcase next-generation technologies at its annual AI conference slated to open later in the day. The GPU Technology Conference (GTC) in California is to feature developers, engineers, researchers, inventors and information technology professionals, and would focus on AI, computer graphics, data science, machine learning and autonomous machines. The event comes at a make-or-break moment for the firm, as it heads into the next few quarters, with Nvidia CEO Jensen Huang’s (黃仁勳) keynote speech today seen as having the ability to
NEXT GENERATION: The company also showcased automated machines, including a nursing robot called Nurabot, which is to enter service at a Taichung hospital this year Hon Hai Precision Industry Co (鴻海精密) expects server revenue to exceed its iPhone revenue within two years, with the possibility of achieving this goal as early as this year, chairman Young Liu (劉揚偉) said on Tuesday at Nvidia Corp’s annual technology conference in San Jose, California. AI would be the primary focus this year for the company, also known as Foxconn Technology Group (富士康科技集團), as rapidly advancing AI applications are driving up demand for AI servers, Liu said. The production and shipment of Nvidia’s GB200 chips and the anticipated launch of GB300 chips in the second half of the year would propel
The battle for artificial intelligence supremacy hinges on microchips, but the semiconductor sector that produces them has a dirty secret: It is a major source of chemicals linked to cancer and other health problems. Global chip sales surged more than 19 percent to about US$628 billion last year, according to the Semiconductor Industry Association, which forecasts double-digit growth again this year. That is adding urgency to reducing the effects of “forever chemicals” — which are also used to make firefighting foam, nonstick pans, raincoats and other everyday items — as are regulators in the US and Europe who are beginning to
RSS