Tsai Ing-wen elected Taiwan's first female president
Ms Tsai, 59, leads the Democratic Progressive Party (DPP) that wants independence from China.
In her victory speech, she vowed to preserve the status quo in relations with China, adding Beijing must respect Taiwan's democracy and both sides must ensure there are no provocations.
China sees the island as a breakaway province - which it has threatened to take back by force if necessary.
In her speech, Ms Tsai hailed a "new era" in Taiwan and pledged to co-operate with other political parties on major issues.
The will of the Taiwanese people would be the basis for relations with China, Ms Tsai said.
Opinions:
Having won by a 3 million vote margin it is clear what the Taiwanese people want from this new government, however it will be difficult to push for complete independence as China is not likely to give up. Remaining on good terms with China is important, so it will be difficult to find a happy medium.
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