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  • Compaq Eyes China's Internet Market
  • March 11, 1999 (BEIJING) -- The Beijing Book Mansion, a major Asian retail bookstore, recently introduced Compaq Computer Corp.'s online purchasing service.
    Eckhard Pfeiffer, Compaq president and CEO, said Compaq recognizes the vast potential of China's Internet market, and will participate in a series of projects, including online book sales and a municipal government Internet service.

    Pfeiffer also noted that his company plans to establish an electronic business research center in Beijing.

    About 18 multinational companies, including Microsoft Corp., have opened research centers in Beijing.

    Beijing Mayor Liu Qi has met with Pfeiffer and expressed that the Chinese capital welcomes the computer company to expand its business activities.

    Beijing will introduce a series of policies to develop a high-tech research center in Zhongguancun, known as the Silicon Valley of China in northwestern Beijing.

    (Xinhua News Agency)

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    Updated: Wed Mar 10 13:42:23 1999 PDT