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Chinese Finance Portal Inks Wireless Deals

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mmayr Member Level  Monday, 04/15/02 09:09:22 AM
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Chinese Finance Portal Inks Wireless Deals

LOS ANGELES, CALIFORNIA, Apr 15, 2002 (Newsbytes via COMTEX) -- Chinese finance portal operator Sinobull Network Technology is looking to tap China's growing wireless population having recently sealed deals with local players.

Sinobull, a unit of Internet investments company The Hartcourt Companies, on Friday said its new partners are offering its financial information and stock quotes via short messaging service (SMS) on mobile phones.

The partners include China Telecom, mobile phone distributor CellStar, mobile network equipment supplier UTStarcom [NASDAQ:UTSI], value-added telecom service provider HongLian95 and portal site Sina.com [NASDAQ:SINA].

Sinobull said it is already scoring a share of the revenues generated by subscribers' requests for financial data and stock reports on their mobile phones.

The company is soon to list in the U.S. Hartcourt said it plans to divest Sinobull through a reverse merger with U.S.-listed Global Telephone Communications Inc.

Hartcourt, in a separate statement, today reported full-year 2001 financial results including a 663 percent growth in revenues to $10.62 million.

As well as Sinobull, Hartcourt currently receives revenues from Elephant Talk, Financial Telecom Ltd, Haike Caijin TV and StreamingAsia.Com Ltd.

Sinobull is online at www.sinobullfinancial.com .

The Hartcourt Companies are at www.hartcourt.com .

By Adam Creed
Reported By Newsbytes.com, www.newsbytes.com .

Copyright 2002 The Washington Post Company


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