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Pastimes : Crazy Fools Chasing Pacific Century CyberWorks Ltd -- Ignore unavailable to you. Want to Upgrade?

To: ms.smartest.person who wrote (30)	8/5/2001 4:24:58 PM
From: ms.smartest.person	Read Replies (1) \| Respond to of 102

[99-11-09] Sina.com Picks Up $60m Financing From Dell, Others By Adam Creed, Newsbytes. BEIJING, CHINA, 09 Nov 1999, 8:07 PM CST Sina.com Picks Up $60m Financing From Dell, Others 11/09/99 BEIJING, CHINA, 1999 NOV 9 (NB) -- By Adam Creed, Newsbytes. Sina.com, which operates a network of popular Web portal sites around the world aimed at Chinese speaking Internet users, has received $60 million in new financing, with Dell Computer Corp [NASDAQ:DELL] as the main investor. The portal company's latest financing round also saw investments from a range of Asian companies, including Singapore multimedia company Creative Technology Ltd, Hong Kong's Pacific Century CyberWorks Ltd, and various venture funds affiliated with Japan's Softbank Corp and Sumitomo Corp, Singapore's United Overseas Bank and Japan-based Trend Micro. Dell said its investment was prompted by China's rapidly growing PC market. "Dell believes in solutions that improve the customer experience, and Sina.com is making great strides in this area with technology that localizes and simplifies the Internet experience for Chinese computer users," said David Chan, president of Dell China. Zhidong Wang, president and chief executive officer of Sina.com said that the financing proceeds would be used to continue providing Chinese language Internet content and services on the Internet. In a separate announcement, Yoshitaka Kitao, executive vice president and chief financial officer of Softbank Corp, joined Sina.com's board of directors. Sina.com's existing backers include Crosslink Technology Partners, Crystal Internet Venture Fund, the Economic Development Board of Singapore, the Goldman Sachs Group, and Walden International Investment Group. Reported By Newsbytes.com, newsbytes.com 20:07 CST (19991109/WIRES ASIA, ONLINE, BUSINESS/) © 2001 The Washington Post Company newsbytes.com