also: たいほく
noun
Taipei
Refers to the capital city of Taiwan. In modern Japanese, the reading タイペイ is standard; たいほく is an older, historical reading.
台北は台湾の首都です。
Taipei is the capital of Taiwan.
来月、台北に出張します。
I'm going on a business trip to Taipei next month.
From Chinese 臺北/台北 (Táiběi), meaning 'Taiwan north'. The Japanese reading たいほく is the on'yomi of the kanji, while タイペイ is a modern approximation of the Mandarin pronunciation.