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PChome Online and Cal-Comp Form Joint Venture to Enter e-Commerce Market in ThailandTAIPEI, Taiwan, Jan. 29, 2015 /PRNewswire/ -- Cal-Comp (CCET; 9105-tw), a subsidiary of New Kinpo Group, and a leading global electronic manufacturing services (EMS) company, today announced a joint venture with PChome Online (8044-tw), an Internet media company offering e-commerce, advertisement, portal service, digital content, Internet access, and Internet community service. Together, the two well-known Taiwanese companies will build upon Cal-Comp's established leadership and in-market operations and PChome Online's extensive Internet expertise to provide the ultimate e-commerce service in Thailand. The capital for the joint venture, PChome Thailand Co., Ltd., is $100 million Thai baht (approximately $3,065,000 US Dollars). PChome Online (www.pchome.com.tw) is the largest e-commerce group in Taiwan. The company debuted its IPO in Taiwan in January, 2005, and its consolidated revenue hit $16.3 billion TWD in 2013. PChome Online owns numerous e-commerce websites including the biggest business-to-consumer online shopping website, PChome 24h Shopping, and the leading onsumer online auction website, Ruten. Cal-Comp is the largest EMS company in Thailand with more than 18,700 employees around the world. Cal-Comp became a public company in Thailand in 2001 and its consolidated revenue was $121.5 billion Thai Baht in 2013. "Cal-Comp has more than 25 years of experience in Thailand," says Simon Shen, CEO of New Kinpo Group. "Through this joint venture with PChome Online, Cal-Comp will take advantage of our experience in global marketing and management to become a first-mover in AFTA (ASEAN Free Trade Area) market by providing convenient e-commerce solutions to local customers in Thailand." "This joint venture with Cal-Comp is a milestone in global expansion for PChome Online. Thailand is the second largest economy in ASEAN (Association of Southeast Asian Nations) with more than 70 million people, providing a great potential for e-commerce," said Mr. Hung-Tze Jan, the Chairman of PChome Online. About New Kinpo Group To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/pchome-online-and-cal-comp-form-joint-venture-to-enter-e-commerce-market-in-thailand-300027999.html SOURCE New Kinpo Group |