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(No.1 High-Tech News Site in Japanese)

  • Internet, E-Commerce in Taiwan to Hit US$1.4B by 2002
  • 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.
    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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    Updated: Fri Aug 21 19:38:14 1998 PDT