Taiwan Turnaround—Fighting the Brain Drain

By Linda Lew

In part 3 of the Taiwan Turnaround series looking at how Taiwan’s internet tech scene is catching up, TechNode checks in with some star players about how Taiwan’s brain drain is affecting them and how they are addressing the issue. Next, in the finale of the series, we look at the effects that government regulations have had on the startup economy and how the government plans to be more accommodating. Read Part 1 and Part 2.

When Ivan Lin returned to Taiwan in 2014 after working for more than 15 years on the mainland, he was surprised that the landing page for the island’s largest e-commerce platform PChome hadn’t changed much.

“PChome looked like this 10 years ago. Now, it still looks the same,” the former e-commerce executive turned entrepreneur told TechNode. Lin now runs his own lifestyle e-commerce startup called Add Ons in Tainan, a small city in southern Taiwan.

PCHome’s landing page (Image credit: TechNode)

PChome’s website isn’t the only thing to have seen little change in Taiwan. Wages for university graduates have stagnated in the past 20 years. In 1999, the average monthly salary for a university graduate was $900. In 2016, it was $925—0.03% growth …read more

Source:: Tech Node

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