By: Jalen Chung and Jeffrey Wu
Taipei, June 7 (CNA) Taiwan’s Hon Hai Precision Industry Co. (鴻海), the world’s largest
contract electronics maker, is accelerating its efforts to develop its e-commerce platform, as part of a plan to expand into businesses other than manufacturing.
Hon Hai, also known as Foxconn Technology Group, announced May 25 that its subsidiary Hongfujin Precision Industry (Shenzhen) Co. had acquired an import company, Shenzhen Fuxuntong Trading.
The announcement of the 80 million Chinese yuan (US$12.9 million) investment came the day after Hon Hai’s FoxconnMall.com, a one-stop business-to-business e-commerce portal, went online. [FULL STORY]