Taiwan's leading online retail brand, momo.com consists mainly of its e-commerce portals momoshop, TV and catalogue shopping channels. Upholding the mission of "high quality at low prices and excellent service," the brand spirit of "momo more and more" is crystallized through four core values: "integrity, sincerity, professionalism and innovation." This commitment aims to create a comprehensive shopping experience characterized by "variety, speed, quality, and savings," positioning the platform as the preferred choice for virtual shopping.
Founded in September 2004, momo.com began trading on the Taiwan Stock Exchange in December 2014. Today, it has served more than 10 million member-customers and continue to grow steadily. Momo.com has been at the forefront of adapting to rapid change in the industry by moving aggressively into new fields, in 2014 it launched new mobile shopping apps. Anticipating the logistics explosion, it opened an automated logistics facility in 2017 and initiated a "short-chain" logistics campaign a year later focused on providing faster home deliveries. In 2019, momo.com delved deeper into the membership with its first “cobranded momo” credit card, creating new opportunities for membership services. Wholly owned subsidiaries Fu Sheng Logistics Transportation Co., Ltd. and MFS Co., Ltd. were set up a year later to further expand momo's logistics services and assortment of products. In 2021, the "mo coin ecosystem" project was initiated to optimize member services. In 2022, momo has set a new milestone in Taiwan's e-commerce industry with revenue of NT$100 billion. In 2023, the "Retail Media Advertising" business was initiated to enhance data flow and strengthen core competitiveness. By 2024, the "South Distribution Center" has officially begun operations and effectively connected the logistics networks of the north and south to improve delivery efficiency.
Momo is committed to becoming “a leader in green e-commerce in Taiwan”, actively pursuing a low-carbon transition and diligently promoting corporate sustainability. In 2019, we have drawn up a blueprint for sustainable living. In 2020, we have introduced the TCFD framework to take stock of the risks and opportunities associated with rapid global climate change. In 2021, we have produced a climate change risk matrix to strengthen our ability to respond. In 2022, we have introduced the SBT and declared that we will join the ranks of the "Net-Zero Carbon Emissions" in 2050. In 2023, we have launched the "Green Membership" program. In 2024, the "Eco-circle of Recycled Packaging" program has been initiated, resulting in the setup of over 15,000 recycling stations. The percentage of circular bag shipments from warehouses has exceeded 50%, which continues to support the ESG green circular economy.
Aspiring to be the "No.1 green life e-commerce operator in Taiwan", momo is actively transforming into a low-carbon company and sparing no effort to promote corporate sustainability. In 2019, we have drawn up a blueprint for sustainable living. In 2020, we have introduced the TCFD framework to take stock of the risks and opportunities associated with rapid global climate change. In 2021, we have produced a climate change risk matrix to strengthen our ability to respond. In 2022, we have introduced the SBT and declared that we will join the ranks of the "Net-Zero Carbon Emissions" in 2050. In 2023, we have launched the "Green Membership" program and promoted the "Eco-circle of Recycled Packaging," so as to accelerate the transformation of ESG into the green and circular economy.
ESG
