Hotai Motor has invested $10 million in FunNow, acquiring approximately 10% in preferred shares at $1.10 per share. The investment comes as FunNow, Taiwan's urban leisure booking platform, undergoes listing preparation procedures. FunNow operates across seven Asian markets including Taiwan, Japan, Hong Kong, Singapore, Malaysia, Thailand, and the Philippines. The platform has accumulated over 10 million users and partners with more than 16,000 merchants, with overseas revenue exceeding 50% of total revenue. The company signed a listing advisory contract with Taishin Securities in August 2026, beginning formal preparations for Taiwan's capital market. The listing process typically requires one to three years of guidance and review. For Hotai Motor, Taiwan's largest car dealer and distributor of Toyota, Lexus, and HINO, the investment extends beyond automotive services into urban consumer platforms. The stake provides both potential financial returns and strategic alignment with Hotai's expansion into consumer services, complementing initiatives like their OpenHub car wash platform.

FunNow, the Taiwan-based app that lets users book activities on-demand in five Asian countries, is growing its reach in Southeast Asia through a merger with restaurant booking app Eatigo. Terms of the deal were undisclosed, but FunNow CEO TK Chen says it is the largest post-COVID O2O MA deal in Southeast Asia.As part of the deal, Eatigo is now a key shareholder in FunNow Group. Eatigo CEO Michael Cluzel will join FunNow’s board, while Chen will continue serving as president and CEO of the group.Founded in 2015, FunNow has 2.5 million users and utilizes a dynamic pricing strategy that lets businesses on its platform chose to offer different prices to customers based on supply and demand. Since its launching Taiwan, FunNow has expanded to Japan, Hong Kong, Malaysia and Thailand. It has grown through a series of acquisitions, concluding Malaysia restaurant booking platform and SaaS provider TABLEAPP and Taiwanese family activity booking platform Niceday. Since its inception, FunNow has raised $22.5 million from investors including the corporate venture arms of PChome, KKday and Wistron.FunNow and Eatigo’s foundersEatigo was founded in Bangkok in 2013 and uses yield management techniques to help 4,000 restaurants book customers during off-peak hours at discounts up to 50% off