Wednesday, March 4, 2015
Taiwan has demanded Chinese e-commerce giant Alibaba withdraw from the island within six months for violating investment restrictions on mainland-controlled firms, officials said Tuesday.
Jack Ma (馬雲), executive chairman of Alibaba Group (阿里巴巴), said Tuesday in Taipei that a strong command of the English language helped him to develop the business, which is now China's biggest online commerce enterprise.
Although January is considered a slow season for industries, export orders grew 8.1 percent during the month year-on-year, and the amount of orders (US$39.04 billion) hit a new record compared with the same period in past years.
Shares in Taiwan pulled back Thursday as investors locked in gains they had built up in recent sessions, with selling focusing on the bellwether electronics sector, in particular semiconductor stocks, dealers said.
Shares of HTC Corp. (宏達電), a Taiwan-based smartphone vendor, came under pressure Tuesday morning after the company reported on Monday a more than 25 percent month-on-month decline in sales for February, dealers said.
Alibaba's NT$10 billion in venture capital funding will first go to young Taiwanese entrepreneurs selling Taiwanese specialties, Alibaba CEO Jack Ma (馬雲) announced in Taipei yesterday.
The U.S. dollar fell against the Taiwan dollar Tuesday, shedding NT$0.060 to close at NT$31.508 in the wake of further foreign institutional buying in the local bourse, dealers said.
The European Chamber of Commerce Taiwan (ECCT) will present the chamber's 2015 Low Carbon Initiative (LCI) publication tomorrow, which will seek to provide the nation with strategies from the ECCT's perspective to help Taiwan achieve the nation's CO2 emission reduction targets.
Tuesday, March 3, 2015
Chinese retail powerhouse Alibaba Group said it has earmarked NT$10 billon to fund Taiwanese youth who want to build up a business on its e-commerce systems.
Consumer sentiment in Taiwan edged up 1.21 points in February to 89.44, led by improved sentiment on stock trading, reported the Research Center for Taiwan Economic Development (RCTED, 台灣經濟發展研究中心) yesterday.