Taiwan’s mobile service sector is poised for a notable uptick, projected to grow from USD 5.9 billion in 2025 to USD 6.2 billion by 2030. This increase, marking a 1% compound annual growth rate (CAGR), is primarily driven by the robust uptake of 5G technology…
FamilyMart, a renowned convenience store chain, is stepping up its growth strategy in Taiwan. The company has announced plans to inaugurate 100 new outlets this year, a significant step towards their long-term objective of establishing 5000 stores by 2029.…
Potato Corner, a popular flavored fries chain, has made its debut in the Taiwan market. The brand’s inaugural store was launched at the Uni-President Department Store, located in Taipei’s Xinyi District. Collaboration with Local F&B Operator The launch in…
In a bold move signaling the strength of the retail sector, Japanese retail giant 7-Eleven has struck a deal to acquire approximately 3,200 stores in Taiwan. This acquisition, worth a staggering $1.2 billion, is not just a strategic expansion but also a…
South Korean retail behemoth Coupang has experienced substantial growth this year, boasting a record revenue of $8.52 billion in Q2, a rise of 19% year-over-year with an FX-neutral basis. This marks the first time the company has surpassed the $8 billion…
Starbucks has made a significant addition to its global retail footprint with the unveiling of its largest ‘greener store’ in the Asia Pacific region. The Starbucks Reserve Dream Plaza Taipei in Taiwan is also the brand’s largest flagship store in Taiwan.…
Retail sales in Taiwan experienced a decline of 2.9 percent in June, falling to a total of NT$390 billion (US$13.3 billion). This downward trend marks the third consecutive month of sales decreasing. Decline in Retail Sales The drop in sales fell within the…
Starbucks has unveiled its grandest flagship store in Taiwan, the Starbucks Reserve Dream Plaza Taipei, an ambitious endeavor nestled in the bustling Xinyi District. Open around the clock, this sprawling 2,000-square-meter venue transforms coffee culture into…
Retail activity in Taiwan took a hit in June, as sales dropped by 2.9% to approximately NT$390 billion or US$13.3 billion, marking the third consecutive month of decline. Industry Specific Declines The slump was consistent with the projected range of a 0.4%…
Taiwan’s credit card payments sector is on the brink of substantial growth, projected to see an impressive 7% increase by 2025, reaching a staggering $156.2 billion (TWD 5 trillion), as evidenced by findings from GlobalData. This upward trajectory is…
Popular Taiwanese tea shop Don’t Yell At Me has launched in Hong Kong. The Lyndhurst Terrace shop in Central is the brand’s first location outside its home territory since opening last year under Taiwanese celebrity Yako Chan. The brand is known for its…
Singaporean restaurant chain Putien is to enter Taiwan by the end of this year. The expansion – in partnership with Taiwanese restaurant group Wowprime – follows Putien’s forays into Shanghai last June and Hong Kong last year. Putien has been serving…
Bafang Dumpling, a renowned dumpling chain based in Taiwan, intends to establish new stores in Texas later this year. This move is part of its strategic growth within the American market, notwithstanding the current tariff dispute between the U.S. and other…
On May 9, a significant event targeting global investors will unfold at the Hsinchu Science Park in Taiwan. The Vietnam Investment Seminar promises to deliver essential insights into Vietnam’s burgeoning investment landscape, emphasizing collaboration…
Taiwanese bubble tea chain Gong Cha has reached US$600 million in global system sales for the 12 months ended December, driven by its rapid global expansion. Group revenue also rose 12 percent year-on-year to US$190 million as the brand expanded operations in…
Taiwan has blocked Uber Technologies’ $950 million purchase of Delivery Hero’s Foodpanda business on the island because of concerns it would be anti-competitive, the Fair Trade Commission (FTC) said on Wednesday. Uber and Foodpanda did not immediately respond…
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