Hour Loop, Inc., a leading online retailer, announced it has expanded its operations with the opening of three new offices in Taipei, Taichung, and Tainan. These new offices are part of Hour Loop’s expansion plans to broaden its operational capabilities across geographies.
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“Through the opening of our new offices in Taiwan, we are rapidly expanding our employee base and operational capabilities which will enable us to drive sustained growth over time,” said Sam Lai, CEO of Hour Loop. “In our short time as a public company to date, we have mandated and executed towards immediate, accelerated growth as we’ve augmented our staff from 70 to over 300 employees. This strategic expansion displays our focus on scaling our business and capabilities as we execute on our strategy that will ultimately drive increased value for our shareholders.”
Hour Loop recently announced the closing of its $6.9 million initial public offering that occurred on January 6, 2022. The Company is using the proceeds from its listing to repay outstanding debt, purchase inventory, and expand its labor force.
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