NTT DOCOMO Completes Investment in Joint Venture with China's Baidu.Tokyo, July 13, 2012 - (JCN JCN Japan Corporate NewsJCN Journal of Cognitive Neuroscience JCN Journal of Cardiovascular Nursing JCN Journal of Christian Nursing JCN Job Control Number JCN Journal of Child Neurology JCN joint communications network (US DoD) Newswire) - NTT DOCOMO, INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. ., Japan's leading mobile operator and provider of integrated services centered on mobility, announced today that it has completed its investment of 22.5 million USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. * (1.78 billion yen) - equivalent to 20 percent ownership - in Baidu Yi Xin Network Technology (Beijing) Co., Ltd., its joint venture with the leading Chinese language Internet search provider Baidu, Inc. DOCOMO and Baidu agreed on January 31, 2011, to jointly provide value-added services and digital content for mobile phones in mainland China. The companies are pursuing this initiative through Baidu Yi Xin. Baidu Yi Xin is a content platform provider for mobile phones. Moving forward, the company will enhance its services and content by leveraging DOCOMO's extensive experience in providing value-added services with Baidu's strong brand image and user base. Starting in August, Baidu Yi Xin plans to provide content from Japan on its platform. For the first batch, the company will collaborate with DeNA Co., Ltd., a major Japanese provider of social games, e-commerce and other Web services, and its Chinese subsidiary to distribute Japan-made content localized for the Chinese market. Through this joint venture and other initiatives, DOCOMO is actively expanding Chinese market access for Japanese service and content providers. *exchange rate of 1 USD to 79.31 JPY JPY In currencies, this is the abbreviation for the Japanese Yen. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. (as of June 30, 2012). Company Information 1) Baidu Yi Xin Network Technology (Beijing) Co., Ltd Head office: Beijing, China CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. : Guofeng Yue Employees: 73 (as of July 2012) Business: Mobile content platform 2) Baidu, Inc. Head office: Beijing, China CEO: Robin Lee Employees: 13,000 (as of July 2012) Business: Internet portal business, mobile portal business, EC business, community business 3) DeNA Co., Ltd. Head office: Tokyo, Japan CEO: Isao Moriyasu Employees: 1,810 (Consolidated, as of March 31, 2012) Business: Social gaming platform, social games, e-commerce and other Web services About NTT DOCOMO NTT DOCOMO is a world-leading mobile operator and growing provider of comprehensive services centered on mobility. The company serves over 58 million customers in Japan via advanced wireless networks, including a nationwide 3G network and one of the world's first commercial LTE (Long Term Evolution) See 3GPP. networks. Leveraging its unique capabilities as a mobile operator, DOCOMO is a leading developer of cutting-edge technologies for NFC mobile payments, mobile GPS, mobile TV, intuitive mobile assistance, environmental monitoring, smart grids and much more. Overseas, the company provides technical and operational expertise to eight mobile operators and other partner companies. NTT DOCOMO is listed on the Tokyo (9437), London (NDCM) and New York (DCM) stock exchanges. Please visit www.nttdocomo.com for more information. Source: NTT DOCOMO Contact: NTT DOCOMO Eijun Tanaka or So Hiroki International PR Public Relations Department Tel: +81-3-5156-1366 Fax: +81-3-5501-3408 Website: www.nttdocomo.com Inquiries may also be made through the following URL: http://www.nttdocomo.com/contact Copyright 2012 JCN Newswire. All rights reserved. www.japancorp.net |
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