Edison Opto expects 2023 revenue to grow 15-20%

LED packaging service provider Edison Opto expects 2023 consolidated revenues to increase 15-20% on year, while LED automotive lighting module maker Laster Tech saw business operation turn from an operating loss of NT$131.6 million (US$4.4 million) and net loss of NT$146.3 million for the second quarter of 2022 to operating profit of NT$56.7 million and net profit of NT$59.8 million for the third quarter, according to the companies.

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Alibaba startup forum

Not long ago, I was a guest speaker at an Alibaba startup forum sharing my entrepreneurial experience with Taiwan’s young generation of entrepreneurs. I was curious about the purpose of Alibaba organizing startup businesses in Taiwan. And then, after reading “Hidden Champions: Ascent and Transformation,” I got a better understanding. According to DIGITIMES’ survey, 77% of Taiwan’s startups that have the opportunity to go public want to raise capital abroad, with the US, China and Japan in the top three of their destinations.

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iKala appoints GM for Japan branch, hoping to build Asia’s largest influencer database

Taiwan-based international AI company iKala has appointed Ryuji Tsuchiya as its Japan branch’s GM. The listings on its influencer data platform KOL Radar will massively expand to build Asia’s largest influencer database. According to iKala co-founder Sega Cheng, it will be more active in exploring the Japanese market. The goal is to achieve annual revenue growth of over ten times in 2023.

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