Finance:Momo.com
Momo.com Inc. (Chinese: 富邦媒體科技), commonly referred to as Fubon Momo, or momo, is a Taiwanese e-commerce and media company founded in September 2004. It is headquartered in Taipei and is owned by Fubon Financial Holding Co.. Its primary institutional shareholder is Taiwan Mobile, a prominent telecom provider. Momo.com Inc operates multiple business channels, including an online shopping platform, a television shopping channel, and a mail-order catalogue, making it the largest direct-to-consumer retailer in Taiwan as of 2024.[1]
Momo launched its television shopping channel in January 2005, broadcasting 24-hour programming to an audience of 5 million households across Taiwan. In May of the same year, it introduced its online shopping platform. Later in 2005, it debuted its mail-order catalogue, which became the most extensive catalogue service in the country. In 2009, Momo became the first Taiwanese virtual retail business to achieve ISO 27001 certification for information security.[2]
History
By 2016, Momo Shopping had become Taiwan's second-largest online retailer, generating NT$20.58 billion in annual revenue, second only to PChome. In 2017, after incorporating revenues from TV shopping and catalog sales, total revenue reached NT$33.24 billion.[3] Momo achieved significant milestones in 2018 with an annual revenue of NT$42.02 billion, a 26.4% increase from the previous year, solidifying its position as Taiwan's largest B2C shopping platform.[4][5] In 2019, Momo introduced the "Momo Card" to enhance customer loyalty and saw its revenue rise to NT$51.83 billion, a 23.4% year-on-year increase.[6] On 9 November 2023, Momo broke ground for an automated logistics center in Hemei, Changhua County to assist the e-commerce operator in meeting its storage needs for fast delivery.[7] On 20 November 2024, Momo opened its southern distribution center in Sinshih District, Tainan as it continues to strengthen its logistics infrastructure.[8]
Services and operations
Momo Com's operations span multiple retail platforms:[9]
- Momo TV Shopping: a 24-hour television shopping channel
- Momo Online Shopping: Taiwan's largest B2C e-commerce platform, offering a wide range of products, from electronics to household items
- Momo Mail-Order Catalog: a nationwide catalog service featuring curated products for diverse consumer needs
References
- ↑ Li, Lauly (20 December 2014). "Momo.com makes debut" (in en). Taipei Times. https://www.taipeitimes.com/News/biz/archives/2014/12/20/2003607133.
- ↑ 黃彥棻 (2009-12-16). "富邦momo臺成為第一家通過ISO 27001資安認證的購物臺" (in zh-tw). IThome. https://www.ithome.com.tw/news/58678.
- ↑ "2016電商財報：momo營收、獲利居冠，博客來是每股獲利王，商店街首度虧損" (in zh-tw). BNext. 2017-05-16. https://www.bnext.com.tw/article/44510/annual-financial-report-of-taiwan-ec-platforms-2016.
- ↑ "momo已經站上台灣B2C電商龍頭的地位" (in zh-tw). Business Today. 2018-09-13. https://www.businesstoday.com.tw/article/category/80393/post/201809130044/.
- ↑ 何佩珊 (2019-03-26). "2018電商成績單出爐：momo表現突出 PChome集團虧損擴大" (in zh-tw). Business Today. https://www.businesstoday.com.tw/article/category/80392/post/201903260003/.
- ↑ 陳蕙綾 (2019-11-19). "momo卡最高回饋20% 一年發卡目標百萬張 北富銀年底卡量衝300萬張" (in zh-tw). Anue. https://news.cnyes.com/news/id/4413904.
- ↑ Chen, Cheng-hui (9 November 2023). "Momo.com starts Changhua logistics center construction" (in en). Taipei Times. https://www.taipeitimes.com/News/biz/archives/2023/11/09/2003808888.
- ↑ Chen, Cheng-hui (21 November 2024). "Momo.com opens new Tainan logistics center" (in en). Taipei Times. https://www.taipeitimes.com/News/biz/archives/2024/11/21/2003827220.
- ↑ "Momo Com Inc" (in en). Financial Times. https://markets.ft.com/data/equities/tearsheet/profile?s=8454:TAI.
External links
- Official website Script error: The function "in_lang" does not exist.
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