Skype and Tom Online Create Chinese Joint Venture

From Reuters: Skype and Tom Online create Chinese joint venture

"Free Internet telephone software provider Skype has formed a joint venture with China-focused Internet portal Tom Online, in a bid to boost its subscriber base in the fast-growing Asian market.
The joint venture, Skype's first move into China, will be controlled by Tom Online, with its 51 percent holding, while the balance will be held by Skype, the companies said on Monday.
The new business will develop and distribute a simplified Chinese version of Skype software, which allows users to make free Internet-based phone calls around the world using a broadband connection."

"Tom Online, which also provides mobile Internet services, is controlled by Hong Kong conglomerate Hutchison Whampoa and Cheung Kong."

China Net Investor: Guess they expect us to have poor momories. ;-) Read this posting from November 03, 2004