Joint Ventures


Joint Ventures„... After China formally enters the World Trade Organization, it will allow foreign firms to own up to 30 percent of Internet firms in Beijing, Shanghai and Guangzhou, with the limit rising to 50 percent in two years, when those geographic restrictions will be lifted.“
(5/00 Source: Reuters Limited)

IBM Corp. (US) and China Great Wall Computer Group Co. (Shanghai)
Formed a leasing-finance joint venture (US$ 20 million; US:80%-PRC:20%) to assist Chinese IBM hardware and software customers. (11/99)*

Computer Associates International, Inc. (US) and Fudan Guanghua Co. (Shanghai)
Formed a joint venture to develop software for Chinese small and medium sized businesses. (12/99)*

Dynamics Technology Inc. (US) and Cyber City Holdings Ltd. (Shenzhen)
Formed a joint venture to establish China innovation Center, a resource for information technology start-up companies in China. (1/00)*

* Source: China Business Review


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