The team is owned by Fubon Financial Holding Co. and play their home games at Xinzhuang Baseball Stadium in New Taipei City.

Originally formed as an amateur club by the Taichung-based Jungo Corporation in 1989, this club was professionalized in 1992 after absorbing a group of players from the Chinese Taipei national baseball team who just won the silver medal in the 1992 Summer Olympics, similar to its sister team China Times Eagles.

Despite a nice start, this club had been performing poorly throughout its short history, mainly due to the controversial leading styles of Jungo Corporation's then chairman Chen I-ping (陳一平).

While defeating a team of all-stars from the Chinese league, they lost to the champions of Japan and South Korea en route to a 1–2 showing.

[2] The team won the second stage of the 2016 CPBL season and qualified to the Taiwan Series, where they defeated Chinatrust Brothers 4–2 to win their first championship since 2005.