DoCoMo to Invest in Fund Targeting Chinese Venture Firms


TOKYO, JAPAN, December 8, 2003 --- NTT DoCoMo, Inc. signed an agreement today with the Gobi Fund, Inc (the "Fund"), a venture capital fund operated by Gobi Partners, Incorporated. Under the agreement, NTT DoCoMo will invest US$10 million (approximately 1.1 billion yen) in the Fund this month.

The Fund will target venture companies mainly in China that work with content in digital media fields such as telecommunications, Internet and broadcasting. Investment activities will begin this month.

With a rapidly growing Chinese economy, NTT DoCoMo expects to develop new businesses and technical tie-ups with Chinese partners along with a reasonable return on its outlay within the swiftly expanding telecommunication-related market.

The Gobi Fund was established in the Cayman Islands, and is targeting a final close of US$75 million. The Fund will operate for eight years, with the possibility of two additional years.

The headquarters of Gobi Partners is located in the British Virgin Islands and its subsidiary has been set up in Shanghai. Both the Gobi Fund and Gobi Partners are operated by Wai Kit Lau, Thomas G. Tsao and Lawrence Tse.

About NTT DoCoMo
NTT DoCoMo is the world's leading mobile communications company with more than 47 million customers. The company provides a wide variety of leading-edge mobile multimedia services. These include i-mode®, the world's most popular mobile internet service, which provides e-mail and internet access to over 40 million subscribers, 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 and South America, the company is expanding its global reach through strategic alliances with mobile and multimedia service providers in Asia-Pacific and the Americas. NTT DoCoMo is listed on the stock exchanges in Tokyo (9437), London (NDCM) and New York (DCM). For more information, visit

i-mode and FOMA are trademarks or registered trademarks of NTT DoCoMo, Inc. in Japan and other countries.
FOMA is only available for subscribers in Japan.

Go to top of the page