Taobao.com (淘寶), China’s largest online shopping Web site, has partnered with FamilyMart (全家) convenience store chain to launch a pick-up service in Taiwan, the chain announced yesterday.
FamilyMart said it is the first convenience store chain in Taiwan to offer a cross-border pick-up service, which is expected to boost the growth of its pick-up service by more than 10 percent.
Convenience store pick-up services have become increasingly popular among online buyers and sellers because there is no time constraint and they are less costly, FamilyMart president Chang Ren-dun (張仁敦) said.
Photo: Yang Ya-min, Taipei Times
The business opportunities provided by Taiwan’s online shopping stores are estimated to be worth NT$100 billion (US$3.39 billion) a year, he said.
Daphne Lee (李芃君), director of overseas business for Taobao.com, said that demand for the company’s products is growing in Taiwan, where Taobao.com has 800,000 members.
With nearly 2,900 stores across the nation, FamilyMart offers buyers a more convenient service for online shopping, Lee said.
Under the arrangement that took effect yesterday, customers in Taiwan can choose the pick-up service after they place their orders with Taobao.com, with an estimated delivery time of four to seven days, she said, adding that buyers will be able to track their orders and get delivery information.
In Taiwan, one out of every seven people has used a convenience store pick-up service at least once, according to freight logistics services.
The nation’s four major convenience store chains handle more than 1 million packages a month, and the market for online shopping pick-up services is estimated at NT$500 million a year, freight companies said.
Nvidia Corp’s demand for advanced packaging from Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) remains strong though the kind of technology it needs is changing, Nvidia CEO Jensen Huang (黃仁勳) said yesterday, after he was asked whether the company was cutting orders. Nvidia’s most advanced artificial intelligence (AI) chip, Blackwell, consists of multiple chips glued together using a complex chip-on-wafer-on-substrate (CoWoS) advanced packaging technology offered by TSMC, Nvidia’s main contract chipmaker. “As we move into Blackwell, we will use largely CoWoS-L. Of course, we’re still manufacturing Hopper, and Hopper will use CowoS-S. We will also transition the CoWoS-S capacity to CoWos-L,” Huang said
Nvidia Corp CEO Jensen Huang (黃仁勳) is expected to miss the inauguration of US president-elect Donald Trump on Monday, bucking a trend among high-profile US technology leaders. Huang is visiting East Asia this week, as he typically does around the time of the Lunar New Year, a person familiar with the situation said. He has never previously attended a US presidential inauguration, said the person, who asked not to be identified, because the plans have not been announced. That makes Nvidia an exception among the most valuable technology companies, most of which are sending cofounders or CEOs to the event. That includes
TARIFF TRADE-OFF: Machinery exports to China dropped after Beijing ended its tariff reductions in June, while potential new tariffs fueled ‘front-loaded’ orders to the US The nation’s machinery exports to the US amounted to US$7.19 billion last year, surpassing the US$6.86 billion to China to become the largest export destination for the local machinery industry, the Taiwan Association of Machinery Industry (TAMI, 台灣機械公會) said in a report on Jan. 10. It came as some manufacturers brought forward or “front-loaded” US-bound shipments as required by customers ahead of potential tariffs imposed by the new US administration, the association said. During his campaign, US president-elect Donald Trump threatened tariffs of as high as 60 percent on Chinese goods and 10 percent to 20 percent on imports from other countries.
INDUSTRY LEADER: TSMC aims to continue outperforming the industry’s growth and makes 2025 another strong growth year, chairman and CEO C.C. Wei says Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), a major chip supplier to Nvidia Corp and Apple Inc, yesterday said it aims to grow revenue by about 25 percent this year, driven by robust demand for artificial intelligence (AI) chips. That means TSMC would continue to outpace the foundry industry’s 10 percent annual growth this year based on the chipmaker’s estimate. The chipmaker expects revenue from AI-related chips to double this year, extending a three-fold increase last year. The growth would quicken over the next five years at a compound annual growth rate of 45 percent, fueled by strong demand for the high-performance computing