CommonWealth Magazine’s Top 1000 Survey pointed to potential threats to Taiwan’s competitiveness – fewer companies making the cut, the fading aura of the semiconductor and flat panel sectors, the lack of new blood and China’s rise.
China boasts 10 times more resources than Taiwan, and 100 times the limelight. But once a Taiwanese exec has made the move to China, they often find no way back. How can Taiwan retain its native talent?
With operating revenue last year of NT$25.8 billion, Grand Ocean, a relative unknown in Taiwan, has taken the lead from big players like Far Eastern and Sogo in setting up a department store empire in China.
In this year's Greater China top 1,000, sales were up, but many mainstays failed to make the cut, as a titanic struggle of business philosophies unfolded. Which companies emerged as the biggest winners?
Despite a late start, Taiwan's leading retailer is already a respectable challenger in Shanghai. Now it plans to enter the fray in China's first- and second-tier markets, offering consumers the alternative experience of Taiwanese-style service.
The Taiwanese companies with the most stellar business results are those able to grasp what consumers need, and they come from sectors as diverse as renewable energy, conventional industry, and the growing stay-at-home economy.
The leading companies of Greater China (Taiwan, Hong Kong and China proper) are growing in scale, stature and international competitiveness. They now stand shoulder-to-shoulder with the most successful enterprises of the world.
Taiwan, Hong Kong and China have merged into a single economic sphere whose influence is being felt the world over. In this first-ever survey, we explore the similarities and disparities that make up this rising realm.