PChome Online Inc’s (網路家庭) consolidated revenue reached NT$3.86 billion (US$129.6 million) last month, down 1.2 percent from the previous month and 9.93 percent from a year earlier, the e-commerce company said in a regulatory filing yesterday.
The figure reflects the firm’s sales performance across all of its business units, including business-to-consumer e-commerce, online marketplace and fintech, it said, without providing a detailed revenue breakdown for last month.
Taiwan’s eased COVID-19 restrictions have resulted in increased sports and outdoor activities, which boosted online sales of picnic and camping items, sports shoes and apparel, the company said.
Rising health awareness during the COVID-19 pandemic also
PChome Online Inc chairman Jan Hung-tze, on screen, gestures along with company executives at a news conference in Taipei yesterday. The e-commerce company said the number of members for its new “buy now, pay later” service has exceeded 30,000 since its subsidiary 21st Century Digital Technology Co launched the service at the end of April.
Standard Chartered Bank (Taiwan) Ltd (渣打國際商業銀行) yesterday announced that it has partnered with PChome Online Inc (網路家庭) to offer loans to the e-commerce platform’s about 10,000 suppliers to meet their financial needs.
The collaboration came as a surprise in light of PChome’s cooperation with Citibank Taiwan Ltd (花旗台灣) and E.Sun Commercial Bank (玉山銀行) in issuing co-branded credit cards.
Standard Chartered said that it is not planning to launch a credit card with PChome, as the local credit card market is already intensely competitive, but would rather focus on lending to e-commerce retailers.
E-commerce retailers are usually overlooked, as banks prefer their brick-and-mortar counterparts,