Reporting and analysis on retail, e-commerce, and consumer trends in Taiwan, updated continuously by our newsroom.
Taiwanese bookseller Eslite is shifting its focus into smaller community stores in its home market after struggling due to Covid-19 last year. According to Eslite’s chairwoman, Mercy Wu, 100 small-format stores will be rolled out within the next three years…
French retailer Carrefour is planning to launch a sale of its Taiwan business, which is valued at around US$1.9 billion in the coming weeks, three people with knowledge of the matter have told Reuters. The supermarket chain operator has hired Morgan Stanley…
Taiwan’s Foxconn said on Friday it was in talks with the U.S. state of Wisconsin about building electric vehicles there, part of the major Apple Inc supplier’s push to diversify income streams. Foxconn and electric car manufacturer Fisker Inc said in May that…
Over 18,000 workers of Pou Sung Vietnam were temporarily suspended due to a worker having close contact with a suspected Covid-19 case. Health authority found the wife of a suspected Covid-19 case working at the Dong Nai-based firm with 27,000 employees. The…
Fast food company Domino’s Pizza Enterprises is to acquire Domino’s Taiwan as part of its global expansion plan. The company has entered a binding agreement with Formosa International Hotels under which Domino’s will buy the Taiwan operation for $79 million…
Taiwan’s Foxconn said a subsidiary has invested T$995.2 million ($36 million) in Gigasolar Materials Corp to develop electric vehicle (EV) battery materials. Foxconn, Apple’s main iPhone maker, said the investment via a private placement through a…
Nokia has announced that it has been chosen by Chunghwa Telecom (CHT) to expand the operator’s 5G network in Taiwan. The deal aims to support CHT’s objective of achieving 80 percent population coverage as well as boost 5G subscriptions to over 20 percent of…
America’s Citigroup will exit 13 international consumer banking markets, including Vietnam, to shift its focus to four wealth centers. The move is part of the bank’s strategic decision to direct investments and resources to businesses with the greatest scale…
Tech-enabled coffee chain Flash Coffee has raised US$15 million in its Series A funding led by White Star Capital, aiming to launch 300 stores this year. The Series A round sets the total capital raised by Flash Coffee to US$20 million. Investors include…
bolttech today announced its latest partnership with Samsung in Taiwan, together arranging for mobile device protection to owners of new Samsung Galaxy smartphones and tablets through the Samsung Care+ programme. The expansion of the bolttech and Samsung…
Shopee, the leading e-commerce platform in Southeast Asia and Taiwan, wraps up the year-end shopping season with a record-breaking 12.12 Birthday Sale. On 12 December, 12 million items were sold in the first 24 minutes and at its peak, 1 million items were…
What’s more convenient than a convenience store? An online one, of course – delivering food, and essentials to customers’ doorsteps quickly, at the touch of a button. foodpanda, the leading delivery platform in Asia Pacific, marks a new milestone with the…
Taiwan on Monday gave the domestic branch of Alibaba Group Holding Ltd’s e-commerce site Taobao six months to re-register as a Chinese investment rather than a foreign one, or leave, in the government’s latest shot against Chinese firms. Amid growing…
Convenience store chain 7-Eleven in Taiwan has partnered with a restaurant and a hotel to offer fresh-cooked meals to consumers. The service, launching this week at the Dongxing Road outlet in Taipei, will retail assorted boxed meals targeting office workers…
Japanese discount retailer Don Don Donki is set to make its debut in Taipei. As yet, the company has not revealed any details regarding the location or opening date, however, various sources have confirmed the store will trade 24-seven in the popular shopping…
Starbucks has just unveiled a new concept store in China created inside six repurposed shipping containers. An identical concept, created by Japanese architect Kengo Kuma, first appeared in Taiwan. As the 800th store in Shanghai, the Starbucks container store…
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