China.com Adds Companies to Grow Asia E-Commerce Network
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China.com Corp. Wednesday again hit the expansion trail, forming a joint venture and purchasing three companies to extend the company's post-WTO reach within Asia.
The business-to-business e-commerce joint venture, to be called Beijing Digital Ark, was created with Chinese Internet pioneer Jay Tian. The venture will focus on developing e-commerce and data management technologies and promoting its current line of e-commerce and data security applications.
In the latest round of its buying spree, China.com (CHINA) bought into Hong Kong-based B2B online content developer iConcept.net, which it plans to use in its mainland China efforts. The company will work with China.com's Web Connections division on e-commerce and Internet strategy, as well as selling advertising space through China.com's 24/7 Media alliance.
The company also took a majority stake in tech news provider Information @ge Ltd., and plans to add its content to the China.com, cww.com, hongkong.com, and taiwan.com portals. Malaysia's Internet ad service e-Asia Sdn. Bhd. was purchased with the goal of giving China.com a "strong foothold" in the growing Malaysian Internet market.
China.com earlier this week announced a stock split to be voted upon by shareholders on Dec. 6. Nasdaq shares in the July IPO favorite have been skyrocketing since the announcement of a trade deal between China and the United States.