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January, 17, 2017

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Business > Asia > Taiwan
According to Taiwan Stock Exchange Co. (TWSE) statistics, TAIEX closed at 9,159.07 on Nov. 25, up 150.28 from 9,008.79 a week earlier, an increase of approximately 1.67 percent.
 
Action Electronics Co. General Manager Chang Jing-hu announced yesterday that the company's subsidiary Kolin had earned revenues of over NT$1 billion this year.
 
Blossoming innovations
Japanese photographer Mika Ninagawa stands with four models to present ASUS' new collection of flower-themed laptops, tablets and cellphones. Ninagawa collaborated with ASUS on these new electronic gadgets to add a splash of vibrant color to the brand's products.
 
Taiwan's average wealth level in 2016 stands at US$172,800, which is well above those of most countries in the Asia-Pacific region and similar to that of Western Europe, according to the Credit Suisse Research Institute's latest Global Wealth Report.
 
Taiwan has been ranked as the world's fifth most-favored country or area as a travel destination, Agoda.com, one of the world's largest hotel booking sites, said Wednesday.
 
The banking sector in Taiwan is not the only business that covets financial technology (fintech) solutions to meet demand in the fast-growing financial environment.
 
GU eyes 2,000 stores
This undated photo shows Tomoaki Suenaga, deputy head of Japanese clothing retailer GU. The sister brand of Uniqlo, GU sells fast fashion at about half the price. Suenaga said the brand was looking to have 2,000 shops worldwide and annual revenue of 1 trillion yen by 2026. "Big changes" for Taiwan are slated for the next six months, he said.
 
Shares in Taiwan closed slightly higher Friday after moving in consolidation mode amid lingering concerns over a possible interest rate hike by the U.S. Federal Reserve, which would lead to more foreign funds flowing out of the region, dealers said.
 
HTC teams up with Shenzhen authorities in VR development
Taiwan-based smartphone vendor HTC Corp. (宏達電) said on Thursday that it has teamed up with the Shenzhen Municipal Government to raise 10 billion Chinese yuan (US$1.46 billion) for virtual reality development.
 
Aurora Corp. (震旦), a Taiwanese provider of office equipment, announced on Thursday it will enter into a joint venture with Japanese technology company Konica Minolta Inc., in a bid to attack the commerical printer market.
 
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