2021-10-19
Taiwan’s first retail software cloud service provider 91APP (stock code: 6741) was affirmed by the country and was selected as the NEXT BIG representatives, having been recognized and awarded the “ Startup Island TAIWAN 2021“. Today, President Tsai Ing-wen attended the award ceremony. This significant honor represents the country’s support and attention to the development of new startups and new services. 91APP is not only the only domestic SaaS software company that has been successfully listed on the TPEx, but it is also the only important indicator company that has won national awards among domestic e-commerce platforms, store opening platforms and service providers. President Tsai stated that 91APP allows e-commerce to be used by brick and mortar retailers and solves the pain points of brick and mortar retailers. This is an important and relevant national issue.
The “Startup Island TAIWAN 2021“, created by the National Development Council on behalf of the government in conjunction with start-up enterprises, aims to integrate multiple channels and resources so that selected national-level start-up brands can be integrated within the international market. The team stands on the world stage, promoting overseas development opportunities, and allowing the world to see Taiwan’s digital economy and innovative energy.
Ho Ying-Chi, chairman of 91APP, said at the ceremony that 91APP is honored to be selected as a national new brand and a member of the national team. With national support, it will provide a great help to start-up brands. In addition to affirming new types of digital
e-commerce services and driving the transformation and upgrading of the domestic demand market, it also has an ever larger presence in the international market, with the opportunity to match the best local partners. As a nationally recognized index company, 91APP will continue to contribute innovative service and strives to exert a positive influence behind the relentless drive to upgrade the industry as a whole.
Ho Ying-Chi has pointed out that the objects served by 91APP is primarily the retail industry which focuses upon consumer consumption. There are nearly two million people involved in physical retail in China. The epidemic has hit the retail industry and consumption patterns have altered dramatically. The overall movement of personnel towards digitization and
e-commerce continues to be one of the most daunting challenges for all retail companies at present. Through the OMO software cloud services and the omni-channel operation know-how, 91APP provides OMO solutions corresponding to the needs of retail brands, and even higher-end e-commerce and data services. Not only can e-commerce be utilized by physical retail, store clerk can also using digital e-commerce tools, diversion shopping guide, good system mechanism, the implementation of auxiliary bonus system, so that store clerk can get more profit sharing bonus regardless of online or offline sales, which actually solves the pain in the promotion of digital transformation in the retail industry. 91APP’s innovative services create real value for the retail industry!
In May of this year, 91APP was recognized by Taiwan’s capital market and successfully listed on the TPEx. Its market cap quickly exceeded US$1 billion, making it the first native “unicorn” in Taiwan. Ho Ying-Chi has stated that we must not underestimate the power of the Taiwan market. 91APP is a pioneer and hopes to help foster more SaaS software innovations to enter the capital market in Taiwan, firmly rooting SaaS software services and technology development within Taiwan. It hopes to attract more outstanding talent, accelerate product development and service energy, and create meaningful, powerful and innovative partnerships.