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🇹🇼 Taiwan /Elections & Politics

Uni-President Chairman: E-commerce Ventures 'Swimming, But Posture Not Right Yet'

From Liberty Times · () Chinese

Translated from Chinese, summarized and contextualized by DistantNews.

At a glance

News Named sources Context piece
  • Uni-President's chairman acknowledges e-commerce ventures are still losing money but emphasizes the group seeks overall synergy rather than single-company profits.
  • The conglomerate's e-commerce businesses, including investments in PChome and Yahoo Taiwan, are undergoing a period of adjustment.
  • Uni-President aims for its e-commerce sector to eventually achieve profitability within the group's broader strategy.

Uni-President's chairman, Luo Chih-hsin, has admitted that the conglomerate's e-commerce ventures are currently unprofitable. He stated that the group is "swimming but the posture is not quite right yet," indicating a period of struggle and adjustment.

Despite the ongoing losses, Luo emphasized that Uni-President's objective is to achieve "synergistic benefits" across its diverse businesses, rather than focusing solely on the profitability of individual companies. This strategic approach suggests a long-term vision for the e-commerce sector's integration within the larger group.

We are swimming, but the posture is not quite right yet.

— Luo Chih-hsinUni-President Chairman Luo Chih-hsin describing the current state of the group's e-commerce ventures.

The conglomerate has invested in e-commerce platforms such as PChome Online and Yahoo Taiwan. While these ventures are not yet turning a profit, the company is committed to their development as part of its broader business strategy. Luo indicated that the goal is for the e-commerce division to eventually become profitable within the group's overall financial framework.

The group wants synergistic benefits. We cannot just look at the profits of a single company.

— Luo Chih-hsinUni-President Chairman Luo Chih-hsin explaining the conglomerate's strategic focus beyond individual company profits.
DistantNews Editorial

Originally published by Liberty Times in Chinese. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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