Reporting and analysis on retail, e-commerce, and consumer trends in Taiwan, updated continuously by our newsroom.
Chinese collectible toy retailer Pop Mart has launched its first brick-and-mortar store in Taiwan, as part of its international growth strategy. Pop Mart’s exclusive products are available at the store, which is located on the first floor of Shin Kong…
Taiwan has returned 1.44 tons of Vietnam’s Omachi instant noodles saying they contain high levels of carcinogenic ethylene oxide. The Taiwan Food and Drug Administration has determined that the batch of noodles, imported by Chinese company Qianyu, contains…
Japanese boutique coffee group % Arabica has made its debut in Taiwan with a store in Taipei. The Elephant Mountain store is the second % Arabica outlet to open this month following the launch of store in the lobby of the new United Overseas Bank head office…
Taiwan’s government is considering fining tech giant Foxconn up to T$25 million ($835,600) over its investment in a Chinese chip conglomerate without first getting regulatory approval, two sources briefed on the matter said on Friday. Foxconn, the world’s…
Taiwan Semiconductor Manufacturing Co (TSMC) said on Tuesday that the chip plant it is building in Japan with Sony Group will expand, with an extra $1.6 billion in spending, while auto supplier Denso Corp will take a 10% stake. TSMC, which is the world’s…
Japan called for greater collaboration with Taiwan on semiconductors at a bilateral economic and trade meeting on Tuesday. Japan-Taiwan Exchange Association Chairman Mitsuo Ohashi praised Taiwan Semiconductor Manufacturing Co Ltd (TSMC)’s plans to expand in…
Citi’s institutional business in Taiwan saw a significant acceleration in 2021 with numerous transactions across industries including technology, consumer, renewables, and financial services. Citi’s Taiwanese institutional clients have been ramping up their…
Jollibee Foods Corp has acquired a majority stake of Milkshop International, operator of Taiwanese milk tea chain Milksha, through its subsidiary Jollibee Worldwide. The acquisition deal, equivalent to 51 per cent ownership, is valued at approximately US$12.8…
French supermarket group Auchan is set to quit Taiwan after 24 years in the market, completing its withdrawal from greater Asia. Taiwan News has reported that local operator PX Mart will take over the RT-Mart hypermarket joint venture between Auchan and the…
Nokia announced that it has deployed its 5G standalone core network for Taiwan Mobile Co. to enable the operator to provide the most advanced 5G applications for enterprises and businesses, and to strengthen its network services and performance. The timely…
Italian home accessories and lifestyle brand, Frette, has expanded its footprint in Singapore with its first boutique in Marina Bay Sands. The store also marks the brand’s first mono-brand boutique in the territory. Designed by Milan-based architecture studio…
CTBC Bank will implement Avaloq’s core banking solution internationally, starting from its business units in Hong Kong and Singapore. CTBC is consolidating and upgrade its international business on the Avaloq Core platform, in a bid to improve day-to-day…
E-commerce platform Tiki has raised $20 million from telecom operator Taiwan Mobile in return for a 2.7 percent stake in Tiki Global. The Series E funding deal values the Vietnamese company at $740 million, with Tiki having secured $94 million in the series…
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…
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