Six New Investors for Yam Digital
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Yam Digital Technology this week welcomed six new investors on the fifth anniversary of the launch of its Chinese-language search engine.
The investor list is comprised of Bertelsmann AG, Microsoft Taiwan, Acer, I-Mei Foods Corp., Eslite Bookstores, and Field Force.
Hans-Jorg Assenbaum, VP for corporate development and multimedia at Bertelsmann, says the Greater China area is expected to become the world's second-largest Internet market in a few years, and Yam is likely to be the leading Chinese-language portal within that market.
The German media conglomerate is the first European enterprise to invest in a Chinese-language portal.
"Taiwan is a major Chinese-language market, and Microsoft is keen to improve its localized products and service," said Microsoft Taiwan president Huang Tsu-yi.
Yam recently changed its Web address from "www.yam.com.tw" to "www.yam.com" to better reflect its growing international profile.
Compaq plans to localize Commerce One's e-purchasing systems and work with the e-commerce firm to build business-to-business structures.
According to Lloyd Oki, Commerce One Asia regional deputy, the alliance will bring Commerce One's North American experience to Taiwan, which will be used as a base for ventures into mainland China.