Hans Lombardo

renren.com Ltd, which six months ago launched the first bilingual community site for global Chinese Web surfers, has received a US$5.5 million round of funding lead by the grandfather of venture capital firms, J. H. Whitney & Co. renren.com’s funding round also included investment from Silicon Valley’s Robertson Feng Technology Associates, regional VC player AsiaTech […]

Cable & Wireless HKT and News Corp.’s Star TV revealed a powerful joint venture to deliver Internet television in Hong Kong and throughout Asia. Challenging Hong Kong’s Cable TV and Pacific Century’s planned Internet TV service, the venture will leverage Star TV’s content and pan-Asian satellite coverage and C&W HKT’s broadband network and operating interactive […]

Greater China’s largest Internet portal Sina.com announced on Monday that it had closed a US$60 million round of investment that included Dell Computer Corp. as a lead investor. Other prominent investors included Creative Technology Ltd, Pacific Century CyberWorks Limited, Softbank Corp., Sumitomo Corporation, Trend Micro and United Overseas Bank (UOB) of Singapore and the venture […]

By signing up Malaysia’s Smart Satellite Technology Sdn Bhd, Hong Kong’s largest telco Cable & Wireless HKT has increased the reach of it Multimedia Satellite Services (M2SS) to a tenth Asian country. M2SS delivers multimedia content to corporate users via local area networks (LAN) or directly to domestic customers’ desktops. Through the agreement, Smart becomes […]

Richard Li’s Pacific Century CyberWorks has pumped US$27 million into City Telecom (CTI) for 8 percent of the company, according to Hong Kong’s Business Post. CTI is runs the second largest ISP operation and second largest mobile phone service in Hong Kong. With its surge in user base this year, CTI has been a darling […]

JH Whitney & Co. has taken an equity position in Asia Capacity Exchange (ACE),a regional online marketplace for buying and selling international telecommunications capacity. On its Virtual Trading Floor, ACE supports trading in both international call minutes and network bandwidth and operates the ACE Telehub to transfer minutes and bandwidth between trading parties. “Having established […]

To attract and retain customers, Singapore auction site InterAuct! launched a loyalty program today. According to the company, members of its loyalty program, called InterAuct! Preferred Ones, will be rewarded with points for all transactions done through the InterAuct! Web site. These loyalty points will be used for the redemption of items available exclusively to […]

Following the launch of its data center JV with Pacific Century CyberWorks, Hong Kong-based DotCom Pacific Limited, a self-described Internet property investor, has set up an Internet Ad firm called AdMomentum Limited. Targetting regional Internet markets, AdMomentum will provide a total Internet advertising solution including media planning, scheduling, advertisement targeting, reporting and analyzing, according to […]

China.com Corp. today reported $5.2 million in revenues for the third quarter ending Sept. 30, a 455 percent increase over total revenues of $945,000 in the same quarter last year. The earnings report indicated third quarter revenues rose 117 percent over total revenues of $2.4 million for the second quarter of this year, the quarter […]

AsiaTech Ventures and several global tech giants yesterday launched the $48 million Asia Java Fund, the first venture capital fund dedicated to supporting Internet entrepreneurs using Java in Asia. Backed by some of the world’s leading technology corporations including Sun Microsystems, Japan’s Fujitsu, NTT DoCoMo, Hong Kong’s Pacific Century Cyberworks and Cable & Wireless HKT, […]

One the heels of Microsoft (MSFT), Sun Microsystems (SUNW) has made two separate broadband deals in Hong Kong. Sun has partnered with Cable & Wireless HKT (C&W HKT), the largest domestic telecom. and Sun Hung Kai Properties, a prominent property developer, respectively. Sun will provide C&W HKT’s ATM broadband network with its iPlanet range of […]

[BEIJING] The joint venture between Los Angeles-based Hartcourt Companies, Inc. and UAC Online Stock Trading Inc. of China has been approved by the government, Harcourt announced on Friday. The Chinese Government has issued the JV an Official Business License and a Certificate of Foreign Investment despite the repeated official declarations that foreign investment in domestic […]