Revenue at Taiwan-based marketplaces horizontal Addcn Technology grew by 16% year on year (y-o-y) to NT$1.96 billion ($64.5 million U.S.) in 2022, Yahoo News reports.

The company attributed this growth to the relaxation of Covid-19 lockdown rules.

Headquartered in New Taipei City, Addcn Technology operates real estate marketplace 591.com.tw, auto marketplace 8891.com.tw, recruitment marketplace 518.com.tw, part-time jobs site Chickpt.com.tw and gig-work site Tasker.com.tw.

The company has been listed on the OTC Securities Trading Center of China (stock code: 5287) since 2012.

Turnover at 591.com.tw, which accounted for 65% of total revenue, increased by 23% y-o-y.

As a chip shortage continued to impact the supply of new cars, demand for secondhand vehicles rose, driving a 19% y-o-y increase in revenue at 8891.com.tw.

Yahoo News reported that Addcn Technology’s net profit rose during 2022 but did not mention a specific figure. In 2021, this figure stood at NT$605 million.

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