"The rationale is straightforward. Softbank chief Masayoshi Son believes China will have more Internet users than the U.S. and Japan by the middle of the decade. Now he'll have a local, publicly traded fund-raising vehicle for his technology and Internet investments in the Middle Kingdom."
In January 2000, Masayoshi Son's Softbank purchased about 61 percent of Cheung Wah, a money-losing garment maker in Hong Kong, to create a holding company based in China, into which he plans to stuff as many China-based Net plays as he can find.
It's very, very early for this one, if you believe that the Net rollout will continue unabated in China. |
