(Nikkei BP Group)
(No.1 High-Tech News Site in Japanese)
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| Internet, E-Commerce in Taiwan to Hit US$1.4B by 2002
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August 24, 1998 (TAIPEI) -- The Internet and electronic commerce market
in Taiwan is expected to create NT$50 billion (US$1.4 billion) worth
of business opportunities by 2002.
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Taiwan's Industrial Development Bureau (IDB) estimates that Internet
service providers with at least 100,000 long-term users are more likely
to turn in profits than their competitors.
David Lu, general manager of a local search engine service provider,
indicated that the Internet market is a "winner-reaps-all" market, and
sites that can attract a steady flow of visitors in the long run are
more likely to survive.
Lu's company earned NT$3 million last year, and its "Kimo"
search engine also has begun turning in profits.
The company aims to be listed on the local Over-the-Counter market by
2001.
H.C. Chan, chairman of the PC Home group, indicated that going public
to obtain access to long-term capital for sustainable growth seems to
be a necessary path for all Internet companies.
However, finding a niche in the market and applying all possible resources
to maximize profits will continue to be the biggest challenge of all
Internet service operators, Chan said.
(Commercial Times, Taiwan)
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