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Technology Stocks : Softbank Investment International (HK0648)

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To: Yamakita who wrote ()	5/23/2000 11:39:00 PM
From: ms.smartest.person	Read Replies (1) of 615

Hi Yamakita, Do you think this release applies to 648?? Softbank stops funding Chinese dotcoms SHANGHAI (05/23) - China's Internet sector has become so treacherous that Japan's Softbank will no longer invest in pure dotcom start-ups, reports the China Daily. The company will, however, continue to invest money in Chinese start-ups, particularly traditional companies that can increase business by building an online presence. Softbank has two investment funds in China with a combined value of $300 million. To date, money from the two funds has been invested in some of China's largest Internet firms, including Alibaba, Chinaquest, Sina, and 8848 among others. shanghai-abc.com ****************** Merry

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