The launch of Chinese-language Next Magazine (
Next Magazine is expected to spend NT$120 million (US$3.6 million) on a four-week advertising blitz for the tabloid-style magazine's launch.
PHOTO: REUTERS
But the competition -- China Times Weekly (
"We already knew last October that Next Magazine would launch its Taiwan edition when some of our advertisers approached us and discussed the issue," said a China Times official surnamed Lin, who refused to be further identified.
Lin confidently questioned the Taipei Times, "Have you heard of China Times Weekly? I think most people in Taiwan know who we are but few of them are aware of Next Magazine."
But maybe a 17-storey building shaped like a dog's head will get their attention. The company's headquarter's has done just that in the center of Taipei's movie district.
Lin added that the China Times was not interested in competing with Next's big ad budget.
"We don't think it is necessary for us to spend that much money to increase public awareness about us," Lin said.
The magazine's boss -- flamboyant publishing magnate Jimmy Lai (
"Controversial stories will sell, but controversy doesn't mean it's libel," said 52-year-old Lai, who moved to Taiwan from Hong Kong where he started Next Magazine.
Known for his clashes with Beijing, Lai plans to launch Next's Taiwan edition today with a targeted circulation of 250,000, which would make it the country's best-selling weekly magazine.
The China Times was skeptical about the sustained sales of the magazine at that volume.
"We don't think the Next's 250,000 target is feasible in the long run. They may distribute that many magazines during the first few weeks but I doubt how long they can sustain that circulation because it would be too costly," Lin said.
But one of the three publishing firms contracted to print Next's Taiwan edition confirmed to the Taipei Times the numbers were for real.
"They are printing 250,000, of which we are responsible for 40,000 copies," said a printing firm official who requested anonymity. The same firm also prints for rival rags the China Times Weekly and TVBS Weekly.
According to the printer, TVBS Weekly also started out with big dreams, but later downsized to match market demand.
"When the TVBS Weekly was first introduced about three years ago, they put about 200,000 copies into circulation, but now they put about 120,000 to 130,000 per issue," the printer said.
While Taiwan has its share of gossip magazines, Lai brings with him Next's aggressive style of shocking readers with glossy, revealing photographs of celebrities' private lives while his local rivals rely mostly on text and newsprint.
"I want the pictures to deliver as much information as possible," he said.
Lai hopes Taiwan's raucous, freewheeling democracy will prove fertile ground for his style of journalism.
"It's very exciting to live in a democracy. It's too tempting," Lai said when asked why he officially changed his residence to Taiwan last December.
"Democracy is irresistible. And this country is gonna open, is gonna undergo a great change and great change means great opportunity," said Lai, casually dressed in jeans by Giordano, a fashion chain he founded.
It was Lai's outspoken criticism of Beijing that led him to sell his stake in Giordano and relinquish the chairman's seat.
His Hong Kong-based Apple Daily (
Lai said Hong Kong's Next will serve as a base to enter China's southern Cantonese-speaking media market once the doors are opened, while the Taiwan edition will target the Mandarin-speaking north.
"Taiwan is definitely a strong catalyst to induce China going forward to its political restructuring to democracy," Lai said.
His Hong Kong-based Next Media (壹傳媒) has invested NT$500 million into the magazine's Taiwan edition, which will feature news on politics, the economy, entertainment and lifestyles.
It will sell for NT$75 a copy and Lai hopes to break even in two years.
He has hired about half of the 300 reporters laid off by Taiwan's online newspaper Tomorrow Times (
Semiconductor shares in China surged yesterday after Reuters reported the US had ordered chipmaking giant Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) to halt shipments of advanced chips to Chinese customers, which investors believe could accelerate Beijing’s self-reliance efforts. TSMC yesterday started to suspend shipments of certain sophisticated chips to some Chinese clients after receiving a letter from the US Department of Commerce imposing export restrictions on those products, Reuters reported on Sunday, citing an unnamed source. The US imposed export restrictions on TSMC’s 7-nanometer or more advanced designs, Reuters reported. Investors figured that would encourage authorities to support China’s industry and bought shares
FLEXIBLE: Taiwan can develop its own ground station equipment, and has highly competitive manufacturers and suppliers with diversified production, the MOEA said The Ministry of Economic Affairs (MOEA) yesterday disputed reports that suppliers to US-based Space Exploration Technologies Corp (SpaceX) had been asked to move production out of Taiwan. Reuters had reported on Tuesday last week that Elon Musk-owned SpaceX had asked their manufacturers to produce outside of Taiwan given geopolitical risks and that at least one Taiwanese supplier had been pushed to relocate production to Vietnam. SpaceX’s requests place a renewed focus on the contentious relationship Musk has had with Taiwan, especially after he said last year that Taiwan is an “integral part” of China, sparking sharp criticism from Taiwanese authorities. The ministry said
US President Joe Biden’s administration is racing to complete CHIPS and Science Act agreements with companies such as Intel Corp and Samsung Electronics Co, aiming to shore up one of its signature initiatives before US president-elect Donald Trump enters the White House. The US Department of Commerce has allocated more than 90 percent of the US$39 billion in grants under the act, a landmark law enacted in 2022 designed to rebuild the domestic chip industry. However, the agency has only announced one binding agreement so far. The next two months would prove critical for more than 20 companies still in the process
CHANGING JAPAN: Nvidia-powered AI services over cellular networks ‘will result in an artificial intelligence grid that runs across Japan,’ Nvidia’s Jensen Huang said Softbank Group Corp would be the first to build a supercomputer with chips using Nvidia Corp’s new Blackwell design, a demonstration of the Japanese company’s ambitions to catch up on artificial intelligence (AI). The group’s telecom unit, Softbank Corp, plans to build Japan’s most powerful AI supercomputer to support local services, it said. That computer would be based on Nvidia’s DGX B200 product, which combines computer processors with so-called AI accelerator chips. A follow-up effort will feature Grace Blackwell, a more advanced version, the company said. The announcement indicates that Softbank Group, which until early 2019 owned 4.9 percent of Nvidia, has secured a