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Technology Stocks : AsiaInfo Holdings Inc - (ASIA)

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To: Lao Ou who wrote (35)3/28/2000 1:19:00 AM
From: Lao Ou  Read Replies (1) of 115
 
fidelityventures.com

Asia Info
AsiaInfo is the leader in the provision of customized internet software and hardware solutions in the Chinese market. Fidelity Capital Far East (FCFE) invested in the company in December 1997. Fidelity Investments will bring substantial telecom related knowledge and resources to AsiaInfo as the company explores new markets and technologies.

AsiaInfo expects to sustain its over 60% share of the national and provincial Internet backbone development market in China, a market that is expected to reach $500 million in the next three years. Since FCFE made its investment, the company has secured a significantly larger book of business, has completed strategic joint venture arrangements with GE Information Systems and China Telecom (China?s national telecom provider), and has reinforced its management team.

Fidelity joins E.M. Warburg Pincus and Chinavest as investors in AsiaInfo.



AsiaInfo
3rd Floor,
Ligong Science and Technology Tower
No. 11, Baisshiqiao Road, Haidan District
Beijing China
Phone: (8610) 6846 1058-5867
Fax: (8610) 6846 7050
CEO Edward Sun Ning Tian

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