The sharing economy relies on shared production or consumption of goods and services, in contrast to the mainstream systems of private ownership. It originated in early Web-based non-profit initiatives such as Wikipedia and Couchsurfing. The first large-scale bike-sharing system was established in Lyon, France in 2005. Taiwan’s own YouBike program was launched in Taipei City…
The company’s Taiwan business is still growing despite being in regulatory limbo and facing mounting opposition from lawmakers and the taxi industry. Brittany Holtsinger swears by Uber. The Taipei-based digital marketing strategist uses the ride-hailing app four to five times a week, opting for a taxi only when Uber’s rush-hour surcharges make its prices less…
The company’s popular apartment-sharing business remains illegal in this market, but it hopes to find some resolution. A little over two years ago, Airbnb was riding high in Taiwan. Tourism was still rising, including from China. The hotel industry, benefiting from growing business, had yet to press the government to crack down on Airbnb’s lucrative…
Taiwan’s FlyingV is one of the most successful crowdfunding platforms in the Asian region. In 2015 roughly US$34 billion was raised globally through crowdfunding, a type of alternative finance that relies on small amounts of capital from a large number of individuals to support new business ventures. Thanks to the internet, fundraisers can easily connect…
Faced with a tepid home property market, Taiwan’s life insurers are increasingly investing in high-yield overseas property. Taiwan’s cash-rich life insurers have scant investment opportunities at home, as yield levels have flagged in recent years amidst an overheated property market and weak rental growth. Insurers are constrained by minimum yield requirements set by the Financial…
Tourism from China buoyed Taiwan’s hotel sector during former President Ma Ying-jeou’s eight years in office, spurring hoteliers to refurbish aging properties and add thousands of new rooms to the market. Resilient demand helped hotels post enviable earnings. That golden era ended swiftly with the inauguration of President Tsai Ing-wen in May. Irked by Tsai’s…
The Japanese property market is heating up as global buyers show increasing interest in prime areas of Tokyo, the world’s largest metropolitan area. Through May, the number of existing condominiums sold in Tokyo increased by 5.4% to 16,152 units year-on-year, while existing detached house sales rose by 14.3% on an annual basis to 8,224 units,…
Low investment and lax regulation threaten the long-term survival of the domestic television industry. In January, the celebrated Taiwanese talk show Here Comes Kangxi went off the air after 12 seasons. Driven by the witty banter between hosts Dee Hsu (“Little S”) and Kevin Tsai, the program was one of the most popular talk shows…
Three operators with majority private-equity control are seeking approvals for changes in ownership. A decade or so ago, international private-equity (PE) firms looked on Taiwan’s major cable television enterprises as an excellent fit for their investment objectives. They saw opportunities to significantly improve the performance of companies in the cable sector to enable an eventual…
The National Communications Commission (NCC) surprised industry stakeholders in the fall of 2015 when, after years of study and preparation, it abruptly released the proposed text of a series of five new laws intended to promote digital convergence. The five draft acts cover electronic communication, telecom infrastructure and resources, cable systems, telecom services, and terrestrial…
