February 24, 2000
Dow Jones Newswires
Pacific Century CyberWorks Takes 25% Of HK Ppty Portal
HONG KONG -- Pacific Century CyberWorks Ltd. (H.PCW) has bought a 25% stake in
Hong Kong property portal pp.com, said pp.com Thursday.
No financial details were disclosed.
With the investment, pp.com said it will expand its global operations with emphasis on
research and development.
Pacific Century CyberWorks' Group Managing Director Alex Arena said the acquisition
"fits our investment strategy of supporting new Internet businesses in Asia Pacific that
are future contributors to our Network of the World (NOW) service."
"PCCW's investment ensures we will continue to grow and move forward our global
vision of offering a total solution property platform via the web," pp.com Chief Executive
Jennifer Liu said.
Dow Jones Newswires
Pacific Century CyberWorks Takes 25% Of HK Ppty Portal
HONG KONG -- Pacific Century CyberWorks Ltd. (H.PCW) has bought a 25% stake in
Hong Kong property portal pp.com, said pp.com Thursday.
No financial details were disclosed.
With the investment, pp.com said it will expand its global operations with emphasis on
research and development.
Pacific Century CyberWorks' Group Managing Director Alex Arena said the acquisition
"fits our investment strategy of supporting new Internet businesses in Asia Pacific that
are future contributors to our Network of the World (NOW) service."
"PCCW's investment ensures we will continue to grow and move forward our global
vision of offering a total solution property platform via the web," pp.com Chief Executive
Jennifer Liu said.