[00-2-27] CyberWorks, Bowman Capital Ally For Net Investment
By Staff Reporter, IT Daily.
HONG KONG, CHINA,
27 Feb 2000, 8:34 PM CST
CyberWorks, Bowman Capital Ally For Net Investment 02/27/00 HONG KONG, CHINA, 2000 FEB 27 (NB) -- By Staff Reporter, IT Daily. Pacific Century CyberWorks (PCCW), the technology arm of Hong Kong-listed Pacific Century Group, has announced its partnership with Silicon Valley-based investment management firm Bowman Capital to co-invest in selected growing, privately-held technology companies with growth potential in Asian markets.
Bowman Capital will be responsible for selecting the potential technology companies for investment, while PCCW will use its operational resources to help the selected companies in formulating and implementing their Asian business strategies.
Recently, Bowman and PCCW have made two joint investments in private technology companies: They have announced they will invest in Weave Innovations, the developer and operator of the StoryBox platform. PCCW will support the StoryBox platform to help Weave Innovations enter the Asian market. PCCW has also acquired a 12 percent equity stake in the US-based application service provider (ASP) Magically.
Reported by Newsbytes.com, newsbytes.com .
20:34 CST
(20000227/WIRES ASIA, ONLINE, BUSINESS/)
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