Competition from e-commerce is eating into revenue

Taiwan News
Date: 2019/07/09
By: Matthew Strong, Taiwan News, Staff Writer

TAIPEI (Taiwan News) – The number of Taiwanese engaging in multi-level marketing crossed the 3-million mark by the end of last year, according to data from the Fair Trade Commission (FTC).

Flexibility fueled the rise, though competition from e-commerce caused a drop in the sector’s revenue for the first time in three years, the Central News Agency reported.

At the end of 2017, 2.99 million Taiwanese were active in the sector, with the figure rising to 3.08 million one year later, meaning that 12.92 percent of the population were now involved in the practice, the FTC said.    [FULL  STORY]