‘Double 12’ boosts Momo revenue to a record highBy Chen Cheng-hui / Staff reporterE-commerce operator Momo.com Inc (富邦媒體) yesterday posted record revenue of NT$6.48 billion (US$227.5 million) for last month, up 25.6 percent year-on-year on the back of a “Double 12” shopping event that saw sales increase 36 percent year-on-year. Revenue was also boosted by robust sales of electric heaters, dehumidifiers and winter clothing during a spate of cold fronts, the company said in a statement. Photo: Vanessa Cho, Taipei TimesThe strong performance saw fourth-quarter revenue grow 30 percent year-on-year to NT$20.67 billion and boosted full-year revenue to NT$67.2 billion, up 29.6 percent, it added. Local rival PChome Online Inc (網路家庭) on Sunday posted revenue of NT$4.17 billion for last month, up 13.66 percent year-on-year. PChome’s cumulative revenue for last year was a record-high NT$43.87 billion, up 12.82 percent year-on-year, company data showed.

Source: Taipei Times January 11, 2021 16:00 UTC