| TUESDAY APRIL 4 2000 PUBLISHED BY CHINA DAILY | |||||
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McDonald's and Hualian link up DuPont to invest more in China Russia to sail China-US route Chevrolet Blazer on the trail New Nestle bottled water plant built ECnet to grow from booming e-business It's official, Win2000 now on local market Xujiahui offers lots of advantages On-line gene data bank a rich research resource Discovering quiet luxury downtown |
Dragon Head founds Chinese textiles website "THE marriage of traditional industry and advanced commercial methods is perfect for the new century," Vice-Mayor Jiang Yiren said last week. He made the remark at the launch of a new website Shanghai Dragon Head Zhangjiang Business and Network Co Ltd. The on-line company which is funded by Chinese textile giants Shanghai Dragon Head Co Ltd and Shanghai (Z.J.) Hi-tech Park will sell fabrics and enhance business-to-business or internal communication between various of the company's outlets. The site will also provide general information on fabrics. First phase investment in www.cfsky.com amounts to 10 million yuan ($1.2 million). In the next two to three years, investment will rise to 300 million yuan ($36.3 million). The website will be officially opened at the end of April. Dragon Head holds 45 per cent of the shares while Zhangjiang holds 35 per cent. Copyright 2000 by Shanghai Star. All rights reserved. |
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