Food conglomerate Uni-President Enterprises Corp (統一企業) has acquired convertible corporate bonds issued by Yahoo Taiwan Holdings Ltd (雅虎), setting its sights on cooperating with Yahoo in e-commerce.
In a statement released on Friday, Uni-President said its subsidiary Cayman President Holdings Ltd spent US$25 million to acquire Yahoo Taiwan’s corporate bonds, adding that the investment would not target any stake ownership in Yahoo, but did not rule out teaming up with Yahoo in e-commerce.
The food giant said the group has put a wide range of products on Yahoo’s e-commerce platform for many years, and that the two sides have forged close business ties.
Photo: CNA
If Uni-President and Yahoo team up in e-commerce development, the cooperation is expected to enhance the food supplier’s competitive edge in this field, as Yahoo has built a large pool of e-commerce talent and is capable of providing prompt logistics services to local consumers after doing business in Taiwan for more than two decades, Uni-President said.
At present, Uni-President owns Books.com.tw (博客來), which generates almost NT$8 billion (US$256 million) in revenue per year by selling books and miscellaneous items online, while President Chain Store Corp (統一超商), which owns more than 6,000 7-Eleven convenience stores in Taiwan, launched iOPEN Mall in March last year to further penetrate the e-commerce sector.
In addition, Uni-President’s organic food unit Santa Cruz (聖德科斯) sells fresh meat, seafood, vegetables and fruit online, while Cosmed (康是美), a health and beauty unit, also owns the online eShop.
In recent years, Uni-President has devoted itself to building a regional logistics platform by integrating its offline and online retail capabilities, with its business spanning across Asia including China, South Korea, the Philippines, Vietnam, Thailand and Indonesia. In Taiwan, Uni-President operates 45 logistics centers.
The company’s consolidated sales last year grew 10.74 percent year-on-year to NT$580.99 billion.
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
Starlux Airlines Co (星宇航空) today unveiled a long-haul network expansion plan at a shareholders’ meeting in Taipei, including direct flights to Barcelona, Spain, and Zurich, Switzerland, as well as a service connecting Taipei, Sydney and New Zealand. Starlux is to become the first Taiwanese carrier to offer non-stop services to the two European cities, while the inaugural oceanic route is expected to expand transit opportunities within the Australia-New Zealand market, Starlux said. Flight services to Chicago, Dallas, Washington and New York are under evaluation, the airline added. Prior to the shareholders’ meeting, the airline earlier this year announced that it would be
Taiwanese prosecutors suspect that three people successfully smuggled at least one shipment of Nvidia Corp artificial intelligence (AI) chips to China after first exporting them to Japan, people familiar with the matter said. The trio was detained last week by the Keelung District Prosecutors’ Office for allegedly falsifying documents related to exports of Super Micro Computer Inc servers containing advanced Nvidia chips, which the US has barred from sale to China without a license from Washington. The move marked Taiwan’s first public crackdown on AI chip diversion after years of pressure from the US to take a more active role in curtailing
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) employee bonuses are likely to grow more than 30 percent this year, in line with the past few years as the company’s profits continue to set new records, an anonymous source cited TSMC chairman C.C. Wei (魏哲家) as saying yesterday. TSMC, the world’s largest contract chipmaker, is committed to taking care of its workers, the source said, citing Wei’s meeting with employees yesterday morning. Wei also expressed gratitude to employees for their contribution to the company’s improving bottom line, the source added. Since 2023, TSMC’s employee bonuses have grown at an annual rate of
RSS