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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 (40)	8/5/2001 7:54:52 PM
From: ms.smartest.person	Read Replies (1) \| Respond to of 102

[00-2-27] Cable & Wireless HKT Delves Into The Net Travel Business By Adam Creed, Newsbytes. HONG KONG, CHINA, 27 Feb 2000, 7:49 PM CST Cable & Wireless HKT Delves Into The Net Travel Business 02/27/00 HONG KONG, CHINA, 2000 FEB 27 (NB) -- By Adam Creed, Newsbytes. Cable & Wireless HKT, the Hong Kong telecom provider that has been approached for merger talks by Asian Internet content company Pacific Century CyberWorks, has itself bolstered its Internet content interests through a stake in a travel portal operation. The telephone, Internet and broadband network operator has agreed to acquire a 10 percent share in China Travel Hi-Tech Computer Ltd from its parent company China Travel Service (Holdings) H.K. Ltd. China Travel Hi-Tech gives Cable & Wireless HKT a slice of the online travel market - the company is developing an e-commerce site that provides China travel resources, online ticketing and hotel bookings. It already has a partnership with Internet investment group SoftBank. "We see great potential in e-commerce development in the PRC (People's Republic of China) travel industry," said Linus WL Cheung, chief executive of Cable & Wireless HKT. "This investment marks our first major step to expand into the mainland market." Reported By Newsbytes.com, newsbytes.com 19:49 CST (20000227/WIRES ASIA, TELECOM, ONLINE/) © 2001 The Washington Post Company newsbytes.com