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Technology Stocks : Daily Tides...Jetsam and Flotsam -- Ignore unavailable to you. Want to Upgrade?

To: Frederick Langford who wrote (10)	5/25/2000 1:09:00 AM
From: 2MAR$	Read Replies (1) \| Respond to of 80

Chinadotcom <CHINA.O> to invest $250 mln in China BEIJING, May 25 (Reuters) - Asian Internet firm Chinadotcom Corp. <CHINA.O> will invest roughly $500 million globally in the next one to two years, and half of it in China, Chief Executive Officer Peter Yip said on Thursday. "You will see 50 percent of our funds earmarked for China over the next year or so," Yip told reporters. "I think you can safely say $250 million." Yip said China's expected entry into the World Trade Organisation -- smoothed by a historic U.S. trade vote on Wednesday -- was a key factor in the investment strategy. The company, which has raised more than $500 million over the past year from stock offerings, is seeking to shore up its position in the crowded China portal market. Sina.com, Netease.com and Sohu.com all attract more traffic than Chinadotcom's flagship site, www.china.com. ((Beijing Newsroom +8610 6586-5566 ext 204, Fax +8610 8527-5258 beijing.newsroom@reuters.com)) REUTERS * end of story *