03-25-2006, 10:07 AM
|
 | Administrator | | Join Date: Mar 2006 Location: Sydney, Australia Age: 27
Posts: 83
Rep Power: 10 | |
 Motorola Steps Up Investment in China in 2006
WidgetBucks - Trend Watch - WidgetBucks.com Smart move as China starts to become a powerful nation. Quote:
Beijing – 15 March 2006 – Motorola, Inc. (NYSE: MOT) today announced in China three new investments. With these new investments, Motorola hopes to continue exploring opportunities and growing our investing momentum further in China.
Through Motorola Ventures, the venture capital arm of Motorola, the global telecom giant has invested in Shanghai NewMargin Venture Capital Enterprise (Shanghai NewMargin), Shenzhen Shenxun Information Technology Development Co. Ltd. (SXIT) and Legend Silicon Corp., parent company of Legend Silicon Beijing (Legend Silicon). These investments are indicative of Motorola’s continuing commitment to the China market.
“China is of continuing strategic importance to Motorola. Besides shoring up strength in mobile devices and network infrastructure, Motorola is branching out to new businesses that can help provide seamless mobility solutions to our customers in China,” said Warren Holtsberg, corporate vice president, Equity Investing, Motorola.
Motorola has become one of the largest investors of Shanghai NewMargin Venture Capital Enterprise, originally established with a US$35-million private equity fund. The VC company will continue to focus on high-tech companies, high-growth or high-potential companies in China.
Motorola has also formed strategic cooperation with SXIT while making a significant investment in its parent company – China Internet Technology and Service Ltd. Besides, Motorola will cooperate with SXIT on both platform and applications such as LBS and enterprise solutions.
Through this cooperation, Motorola expects to increase its ability to provide customers with unique and customized services, including enterprise solutions, A-GPS, LBS, MMS, 3G applications, content, and client applications.
|
Full press release: http://www.motorola.com/mediacenter/...531_23,00.html
__________________ FlairPair Web Concepts - Creating your online presence with a distinct elegance. www.flairpair.com SmartPhonesTalk.com - Discuss and review the best smartphones and carriers worldwide, download free software, ringtones and more!
|
Linear Mode
