SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Softbank Investment International (HK0648)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Yamakita who wrote ()3/18/2000 1:22:00 PM
From: ms.smartest.person  Read Replies (1) of 615
 
More on old news -- Chinadotcom Plans Venture With Unit of Japan's Softbank

(Wish they would stop using Cheung Wah)

HONG KONG -- Chinadotcom Corp. and a unit of Japanese conglomerate Softbank Corp. announced plans Friday to create a joint venture that the companies valued at $100 million.

Chinadotcom said the venture will provide business and technology consulting services to Internet companies considering expansion in Asia.

1Chinadotcom's 4th-Quarter Revenue Surges on Strong Advertising Volume (Feb. 16, 2000)

2China.com Shares Surge in First Day of Trading (July 14, 1999)

The venture will be owned 50-50 by chinadotcom and Softbank's Cheung Wah Development Co. unit, which the company is renaming Softbank Investment Strategic.

Peter Yip, Chief Executive Officer of chinadotcom, said in a statement: "There is great synergy between the two companies, as both ... are dedicated to making investments through incubating and accelerating the development of new and existing Internet businesses."

Chinadotcom had an explosive initial public offering in the U.S. back in July. Some investors view Chinadotcom, which is backed by America Online Inc. and the state-owned news agency of the People's Republic of China, as the enterprise that could bring the Net to one of the world's largest potential markets.

In trading Friday, shares of Chinadotcom rose $2 to close at $112 on the Nasdaq Stock Market.

interactive.wsj.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News