TW Biz News｜WK 08/04 - 08/10
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- 1天前
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Every week, we'll select Taiwan's five business news from the previous week for your review.
〔Inside Retail Asia〕Gong Cha changes hands in $635 million deal
Private equity firm Bain Capital has reportedly acquired global bubble tea chain Gong Cha for approximately US$635 million. The deal follows months of speculation after Bloomberg reported that TA Associates had engaged JPMorgan Chase & Co to explore strategic options for the Taiwan-founded brand, including a potential sale.
The card the founder of Coupang, which posted more than 1 trillion won in operating losses in just the first half of this year, pulled out before investors was "Taiwan." On Aug. 5 (Korea time), Bom Kim, chair of U.S.-based parent Coupang Inc., devoted more than half of his opening remarks on the second-quarter earnings conference call to new businesses such as Taiwan dawn delivery, Coupang Eats' expansion into nonfood delivery, and Japan's RocketNow. He briefly mentioned and moved past the record operating loss of 835 billion won disclosed that day. The industry interpreted this as an attempt to shift the market's attention from profitability metrics to a growth narrative.
〔Taiwan News〕Taiwan domestic trips rise 11.5% in 2025
A total of 247.61 million domestic trips were made last year, an 11.5% increase from the previous year, while domestic tourism spending reached NT$564.3 billion (US$18.8 billion), up 9.4% year-on-year, according to a report released Monday by the Tourism Administration. The agency attributed the growth in part to the Cabinet's decision to add long holiday weekends during the second half of the year, encouraging more frequent domestic travel. The average number of trips per person increased to 11.65 last year, up from 10.46 in 2024. Same-day travel also became more common, accounting for 79.1% of all domestic trips.
Far Eastern Department Stores (FEDS), Taiwan's longest-established department store chain, has been honored with three prestigious accolades at the Asia Responsible Enterprise Awards (AREA) 2026 by Enterprise Asia, receiving recognition in Health Promotion, Corporate Governance, and Corporate Sustainability Reporting. The triple achievement reflects the Company's long-term commitment to embedding sustainability into every layer of its business — from employee well-being and governance excellence to transparent disclosure and stakeholder engagement.
Shin Kong Mitsukoshi said Wednesday it expects Mid-Autumn Festival gift sales to exceed NT$100 million (US$3 million) this year. The department store operator said it has launched 255 gift products, with more than 80% being new additions and half exclusive items, per CNA. It expects sales to rise nearly 20% year-on-year, while imported cooking oil sales reached about NT$6 million from early June to Aug. 4, up 114.7% from a year earlier.
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