Reported 3 months ago
On July 17, 2024, the Fair Trade Commission announced their decision to not prohibit the merger between Uni-President and Hong Kong Yahoo. Uni-President will hold 80% of the stake in Yahoo Taiwan's e-commerce business, with Yahoo holding the remaining 20%. The investment and ongoing operation amount to 1 billion USD (about 32.53 billion NTD), and Yahoo will authorize the joint venture to continue using the Yahoo Taiwan e-commerce brand. This move aims to strengthen the competitiveness of the online shopping platform and provide consumers with better products and services.
Source: YAHOO