|NTT DOCOMO Completes Investment in Joint Venture with China's Baidu
baidu.com (JCN Newswire)
2012-07-13 Tokyo, July 13, 2012 - ( JCN Newswire ) - NTT DOCOMO, INC., 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* (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 (as of June 30, 2012).
1) Baidu Yi Xin Network Technology (Beijing) Co., Ltd
Head office: Beijing, China
CEO: 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
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 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.
Baidu(NASDAQ: BIDU) is the leading Chinese search engine for websites, audio files, and images. Baidu offers 57 search and community services including an online collaboratively-built encyclopedia (Baidu Baike), and a searchable keyword-based discussion forum. As of March 21, 2008, Baidu is ranked 19th overall in Alexa's internet rankings. In December 2007 Baidu became the first Chinese company to be included in the NASDAQ-100 index.
Baidu provides an index of over 740 million web pages, 80 million images, and 10 million multimedia files. The domain baidu.com attracted at least 5.5 million visitors annually by 2008 according to a Compete.com survey.