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Business
Taiwan-based 17 Media, maker of popular live-streaming app 17, is reportedly merging with Singaporean dating app Paktor to form a new social entertainment company, M17 Entertainment.
 
After months spent clearing regulatory hurdles, the Fair Trade Commission (FTC, 公平會) Wednesday approved a whopper NT$5.09 billion bid from Ambassador Hotel group president Hubert Lee to purchase McDonald's Taiwan assets.
 
Coca-Cola plans to cut 1,200 jobs as it deepens its cost-cutting initiatives in response to sluggish soda sales, the company said Tuesday.
 
German automaker Daimler AG says net profit doubled in the first three months of the year as the new version of the company's Mercedes-Benz E-Class sedan and its SUV lineup boosted sales.
 
Hyundai Motor Co. reported Wednesday more than a 20 percent drop in its first quarter profit as the anti-Korean sentiment in China sparked by the deployment of the U.S. missile defense system battered the Korean carmakers' sales in its biggest auto market.
 
Uber said Tuesday it wants to launch a system of flying cars to move people around cities, with a goal of putting demonstration projects in place by 2020.
 
Jack Ma offers free advice
Jack Ma, special adviser to UNCTAD for young entrepreneurs and small businesses as well as founder and chairman of Alibaba Group, arrives at a high-level event on empowering entrepreneurs and small business during the United Nations e-commerce week at the U.N.'s European headquarters in Geneva, Tuesday April 25.
 
Shihlien Chemical: a world leader in eco-friendly soda ash production
Sodium carbonate, commonly known as soda ash, is one of the main components in making glass. Shihlien Chemical Industrial Jiangsu Company, a vertical integration of the Taiwan Glass Group, supplies over 600,000 tons of high quality soda ash to Taiwan Glass annually.
 
Alitalia workers have rejected a restructuring deal from the company's management and unions to save the ailing carrier, the company said Tuesday.
 
As the proverb goes, one man's trash is another's treasure. One local startup seeks to provide a marketplace for unwanted apps and websites.
 
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