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To: AF who wrote (87487)	3/8/2000 10:15:00 PM
From: puborectalis	Read Replies (1) \| Respond to of 120523

Hutchison Whampoa, Internet Capital Group in Web Alliance 3/8/00 6:36:00 PM Source: Bloomberg News Hong Kong, March 9 (Bloomberg) -- Hutchison Whampoa Ltd., Hong Kong's largest conglomerate, and Internet Capital Group, a U.S.-based Internet investment company, said they teamed up to develop business-to-business electronic commerce. The two companies will unveil details of their partnership at a news conference at 11:00 a.m. Hong Kong time. Hutchison recently forged an alliance with Priceline.com Inc. to allow Asian consumers to bid on plane tickets, hotel rooms and groceries. It has also formed partnerships with HSBC Holdings Plc and other companies to develop e-commerce in the region. Internet Capital, meantime, owns stakes in five publicly traded companies that help businesses work better on the Internet. It also works with 50 private companies and has $1.3 billion to invest. Hutchison shares rose 2.9 percent to HK$140. Internet Capital fell 2.1 percent to $138 1/8 in U.S. trading. Email this story to a friend Click for printer-friendly format Related News Hutchison Whampoa, Internet - Bloomberg Deutsche, Dresdner in Germany's - Bloomberg The Red - Red Herring Valueclick - Red Herring JDS Uniphase Shareholder - Bloomberg Goldman Starts Selling $205 - Bloomberg Internet Capital Group Pays - Bloomberg Payless Chooses Goldman for - Bloomberg Payless Chooses Goldman for - Bloomberg Free Investor Dispatch