Hon Hai speeding up e-commerce development

Focus Taiwan
Date: 2015/06/07
By: Jalen Chung and Jeffrey Wu

Taipei, June 7 (CNA) Taiwan’s Hon Hai Precision Industry Co. (鴻海), the world’s largest

Hon Hai's headquarters in New Taipei.

Hon Hai’s headquarters in New Taipei.

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]

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