Strong demand for the service could help offset the hit to Uber’s ride-hailing business as a result of the pandemic. The two aspects of Uber’s operations in Taiwan show the very different effects that the coronavirus pandemic can have on business. With few foreign tourists around since Taiwan closed its borders to non-residents on March…
Starting a business is no easy task, especially if, like Z&A Managing Director William Zyzo, you’re a foreigner in Taiwan with a background in the humanities. Nevertheless, he has found joy in the challenges of launching and consistently revamping his management solutions company in his adopted home of Taipei. A dedicated lifelong learner, William has…
Taishin Acquires Prudential Taiwan Taiwanese financial services firm Taishin Financial Holdings announced in August its 100% acquisition of Prudential Life Insurance Company of Taiwan for NT$5.5 billion (US$186.24 million). The deal comes after a series of bids were submitted to purchase the New Jersey-based insurance company’s Taiwan subsidiary, which has a staff of 700 sales…
A bi-weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taipei’s TOPICS FarEasTone and APT Sign 5G Deal FarEasTone (FET), Taiwan’s third largest telecom operator by market share, and Asia Pacific Telecom Co (APT) announced in early September that they will begin partnering to provide 5G services on Taiwan’s 3.5GHz…
Daniel Tseng, President of Corning Display Technologies Taiwan, is constantly looking for new, creative ways of approaching problem-solving and decision-making. In his 17 years at the U.S. tech multinational, Daniel has developed a distinct appreciation for the company’s core values, which he incorporates into his management style. Daniel sat down with Taiwan Business TOPICS Deputy…
Companies are trying to figure out how best to respond to new and unique challenges, while staying vigilant about the unexpected. As the COVID-19 pandemic continues to spread, wreaking havoc on economies throughout the world, companies are struggling to come up with ways to keep business operational, as well as employees and clientele safe. Taiwan,…
TOPICS’ first editorial, published in March 2002 – The situation has improved, but some of the content remains relevant 18 years later. The recent formation of Taiwan’s new Cabinet provides a good opportunity to review the difficulties faced by international companies attempting to implement a globalized business model in Taiwan. Much has been done to…
The novel coronavirus or COVID-19 brings numerous potential and actual legal risks, ranging from the supply chain to human resource matters. Following the declaration by the World Health Organization (where Taiwan unfortunately has neither membership nor observer status) of a public health emergency at the end of January, businesses need to take precautions regarding affected…
5G AUCTION EXCEEDS EXPECTATIONS Taiwan has completed both phases of its 5G spectrum auction, raising a total of NT$142.19 billion (US$4.7 billion), the third-highest amount worldwide behind Germany and Italy. The first phase of the auction, which took place between December 10 and January 16 and involved 261 rounds, offered 270 MHz in the 3.5GHz…
Despite some negative public attitudes, this business practice has been highly popular with local consumers and would-be entrepreneurs. Few businesses face greater reputational challenges in Taiwan than the multi-level marketing (MLM) industry, also known as network marketing or direct selling. Past unethical practices by a minority of companies have caused the industry to be heavily…
