PChome service to be launched for foreign nationals: chairman
PChome Online Chairman Jan Hung- tze ( ) announced yesterday plans to open online shopping services for both foreign nationals in Taiwan and abroad on Ruten, Taiwan’s largest online auction site, at the company’s shareholders’ meeting.
Jan estimated that services for foreigners will be launched in the first half of next year at the latest.
According to the chairman, the e-commerce industry will see a compound annual growth rate of between 17 percent and 20 percent this year.
Jan maintained a positive outlook on the e-commerce industry’s growth rate for the second half this year. “A mature industry depends on business cycle growth, however in developing industries,” referring to the e-commerce market in Taiwan, “it requires positive momentum,” he said.
During the meeting, Jan also stated that PChome will be issuing dividends at 5.21 percent per stock share — a NT$4.52 cash dividend and NT$0.69 stock dividend.
Election results for a director’s position on the board were also announced, with Rock Hsu’s (
) son Hsu Chieh-li ( ) succeeding him.
While PChome’s Ruten is currently in the process of applying for IPO in Taiwan, Jan stated that as the application process in Taiwan is time-consuming, Ruten will not be able to hit the market yet this year.
Jan also reported on PChome’s progress in going global. Currently, Jan pointed out the difficulties in advancing into the Southeast Asian markets. “It is already quite challenging entering Thailand’s markets alone.” Jan said, but he is also optimistic and hopes to see results by the end of the year.
He stated that he is optimistic and hopes scores of businesses will enter the e-commerce market to energize developments in the industry
”This means there will be more investment and competition,” Jan said, but pointed out such an environment is healthy for the blooming e-commerce market. He is confident about PChome’s own competitiveness.
Upcoming New Services for
New services are set to be added onto PChome’s platform, ranging from saving and transferring credit, thanks to the breakthrough in the Legislative Yuan, as the newest bills streamlining thirdparty payments were passed this year, Jan said.
In response to rumors of PChome looking to apply for at least two third-party payment permits, Jan stated that the company is heading towards opening up more than one payment platforms. Apart from PChome Pay ( ), other permit applications and details will be up for discussion with the board of directors.
“As of now, we’re working towards increasing our capital to meet the requirements,” Jan said, “PChome Pay’s four largest shareholders include PChome, PCstore, Ruten and Acer. Apart from meeting the requirements for investment, we also have to hold a board meeting to finalize decisions as well.”