Japan's NTT DoCoMo (DCM) announced that it will invest $4 million in newly issued stock for an equity stake in Emcore Technology Inc, which has a Chinese location-based service subsidiary, in January 2005.
The wholly owned subsidiary, Beijing Lingtu Spacecom Technology Co, Ltd (Lingtu Spacecom), is known for its high-quality location-based services. Through the investment, NTT DoCoMo will provide its expertise in such services and gain a foothold in the Chinese mobile telecommunications industry.
Emcore and Beijing-based Lingtu Spacecom were established in April 2004 and are both headed by Tang Ningzhe.
NTT DoCoMo is one of the world's largest mobile communications company, serving more than 48 million customers. The company offers a wide variety of leading-edge mobile multimedia services, including i-mode, which provides e-mail and internet access to over 41 million subscribers as the world's most popular mobile internet service, and FOMA, launched in 2001 as the world's first 3G mobile service based on W-CDMA. In addition to wholly owned subsidiaries in Europe and North America, the company is expanding its global reach through strategic alliances with mobile and multimedia service providers in Asia-Pacific, Europe and North America.