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Technology Stocks : Pacific Century CyberWorks (PCW, PCWKF) -- Ignore unavailable to you. Want to Upgrade?

To: ms.smartest.person who wrote (4421)	1/9/2001 11:59:19 PM
From: ms.smartest.person	Read Replies (1) \| Respond to of 4541

PCCW, CAS to Develop Bilingual Chinese Browser [January 8] China is developing the world's first English-Chinese bilingual Internet browser. The Chinese Academy of Sciences (CAS) and the Hong Kong-based Internet company PCCW-HKT, the merged conglomerate of Pacific Century CyberWorks and Hong Kong Telecom, have jointly invested 100 million renminbi (US$12 million) in the project's research and development. The joint venture, called the Cyber Trans Science and Technology Development Co., will soon launch a browser that provides automatic translation between English and Chinese as well as the ordinary functions of other Internet browsers, the Jan. 5 China Daily reported. PCCW-HKT controls 51 percent of the newly established joint venture, while CAS controls the other 49 percent. "Our target is to grab back the browser market, which is totally controlled by Microsoft and Netscape," the joint venture, Cyber Trans Science and Technology Development Co., said in a statement. The new company expects the domestically made browser will help spur the development of the Internet in China. However, the company said it is facing many difficulties capturing a share of the market because the most Chinese Internet users are accustomed to Internet Explorer and Netscape browsers. More difficulties will arise as both Microsoft Corp. and Netscape work to update their products, the article said. asia.internet.com