Katherine Lam

Internet Capital Group (ICG), a B2B e-commerce company, and HK-based conglomerate Hutchison Whampoa Ltd announced Thursday they plan to form two companies in Hong Kong focusing on B2B e-commerce in Asia. ICG (ICGE) provides operational assistance, capital support, industry expertise, and a strategic network of business relationships to 55 B2B e-commerce partner companies. Hutchison Whampoa […]

Chinadotcom Corp. announced this week that it has taken a minority stake in HK-based Internet content provider WOW Networks to develop a portal targeting ethnic Chinese women between the age of 20 and 35. The Web site — Chinese Women On the Web (cwow.com) — gained investment from Chinadotcom’s (CHINA) Jump Start Incubator program, which […]

Pacific Internet Ltd. agreed Tuesday to form a JV with the Hinduja Group and the Thakral Group in India as Hong Kong’s Asia Online (HK) Ltd. simultaneously announced the opening of its India office. Pacific Internet (PCNTF) and Thakral Brothers (Private) Ltd. (on behalf of the Thakral Group and In2Cable.Com (India) Private Ltd., a subsidiary […]

Cable & Wireless HKT Ltd (HKT) and business software maker Computer Associates International Inc (CA) announced Tuesday formed an Application Service Provider (ASP) joint venture. HKT and CA will invest HK$62 million (US$8 million) to form a 50/50 joint venture. The new company will offer CA’s Web-based business software applications to small-to-medium-sized enterprises through HKT’s […]

Chinadotcom Corp announced this week that it is expanding its operations in Singapore in anticipation of explosive e-business and Internet advertising services growth in the South East Asia region. “The move is part of Chinadotcom’s commitment to invest in local talent finding the right local people on the ground who can deliver tailored e-business Internet […]

Shares in Li Ka-shing’s Internet company tom.com Ltd. surged 4.35 times its IPO price of HK$1.78 (US$0.22) and closed its first trading day on the Hong Kong Stock Exchange Wednesday at HK$7.75 (US$1). The shares plateaued at HK$9.70 (US$1.25) on the first day. Trading was frantic with 303 million shares changing hands, making tom.com the […]

Pacific Century CyberWorks Ltd (PCCW) and China-based PC manufacturer Legend Holdings Ltd formed a strategic alliance Thursday to develop co-branded Internet-enabled PCs. The units will be called Legend-NOW, and will assist in delivering broadband interactive Internet service in China. Legend is the largest PC manufacturer and distributor in China with a market share of 27.3 […]

Cable & Wireless HKT Ltd (HKT) Monday said that an agreement between its majority shareholder, Cable and Wireless plc (C&W), and Pacific Century CyberWorks Ltd (PCCW) may be reached within the next 48 hours. HKT suspended trading of its shares pending an appropriate announcement by PCCW. PCCW also suspensed trading in its shares pending an […]

In response to criticism of its handling of the Tom.com IPO, the Hong Kong Stock Exchange said that it has not granted any preferential waiver on management rules to the month-old company. According to the Stock Exchange of Hong Kong, companies who want to list on the Growth Enterprise Market (GEM) Board must have been […]

Pacific Century CyberWorks Ltd. (PCCW) has taken a 25 percent stake in pp.com, a Hong Kong-based property site. Terms of the investment were not disclosed. pp.com has offices in Singapore, Shanghai, Beijing and Guangzhou. It plans to open 10 offices around the region by end of this year and has already linked up with 100 […]

Hong Kong tycoon Li Ka-shing’s Internet company Tom.com Ltd has received about 1.5 million applications to buy the shares, an record-breaking oversubscription. Five hundred police officers were called in to keep order in banks where application forms for the IPO were being collected. According to the Hong Kong police, there were about 300,000 people queuing […]

Mobile communications service operator Sunday and HK-based online stock trader boom.com this week launched a wireless online stock trading service known as Mobile Trader. The Mobile Trader service allows Sunday and boom.com clients to trade stock on-line by using their Sunday mobile phone handset. The service is designed to offer wireless access to real-time stock […]