E-Commerce Grows Steadily in Taiwan Amid Pandemic
COVID-19 has given a modest boost to online shopping in Taiwan, with platforms such as Momo, PChome, and Shopee strengthening their market positions.
In a world struggling with the coronavirus pandemic, Taiwan is an outlier. The island nation has staved off the mercurial contagion, with dramatic implications for public health and the economy.
One of the biggest business stories of the past year has been the abrupt shift in many countries from physical to online retail. For instance, the e-commerce market in the U.S. grew 44% in 2020 while in Indonesia it expanded by 37%. Physical retailers have been the losers in many cases, as the new shopping habits are here to stay.