High-tech 'weiya' to be less extravagant this year
The China Post news staffTAIPEI, Taiwan -- The year-end dinners, or “weiya,” to be held by high-tech firms are expected to be less extravagant this year due to a slowing economy, industry experts said yesterday.
January 14, 2013, 12:01 am TWN
They made the remarks as Taiwan enterprises enter the weiya season, which lasts from now till the beginning of February, prior to the Lunar New Year's break starting Feb. 9.
Among tech companies that have announced their weiya dates, Compal Communications will hold its banquet on Wednesday, followed by the New Kinpo Group, Compal Electronics and Lite-On, which will hold theirs on Thursday, Friday and Saturday, respectively.
In the past, high-tech firms went all out to hold their annual feasts, which were more or less a show of the firms' financial prowess. To add excitement to their extravaganzas, the high-tech firms threw big money to invite Taiwan superstars to either host or perform at the shows. Jolin Tsai, Chiling Lin and Jay Chou were among a list of A-cast performers who were weiya regulars. Who would forget the famous tango that Hon Hai Chairman Terry Gou did with supermodel Chiling Lin, during the firm's weiya in 2007? It was during that show that Gou met his current wife, Tseng Hsin-yi, a dance instructor who gave Gou a few pointers on how to tango with Lin.
Yet, with Taiwan's economy getting sluggish in 2012, tech firms are running on tight budgets. Gone are superstars that used to highlight high-tech weiya, which this year will mostly feature cultural troupes to add a touch of tradition and heritage to the shows.
Compal, for example, has invited Taiwan's famous Cloud Gate dance troupe to perform. Pegatron, meanwhile, has reportedly asked drumming troupe U-Theater to its weiya. Some high-tech firms will simply ask senior executives and employees to give their own performances.
As for Taiwan's traditional sector, which made tons of money last year, it's another story. Their weiya will be characterized by profligacy and lavishness. Taiwan Life, for example, spent over NT$10 million to hold its weiya, which had 500 tables to feast employees and their families.