TOKYO, JAPAN, May 15, 2007 ---
The Fund will target cutting-edge venture companies in China working on the convergence of telecommunications, media and technology within the IT and digital media sectors. Investment activities will begin this month.
Through its involvement with the Fund,
DoCoMo's decision to enter the Gobi Fund II has been prompted in part by the successful performance of its investment in the Gobi Fund I in December 2003.
The new Fund is targeting a final close of US$120 million. It will operate for ten years.
Gobi Partners was incorporated in the British Virgin Islands in 2002 and has offices in Beijing, Hong Kong and Shanghai. The Gobi Fund and Gobi Partners are operated by Thomas G. Tsao, Wai Kit Lau and Lawrence Tse.
- About NTT DoCoMo
NTT DoCoMois the world's leading mobile communications company. DoCoMo serves more than 52 million customers, including 36 million people subscribing to FOMA™, launched as the world's first 3G mobile service based on W-CDMAin 2001. DoCoMo also offers a wide variety of leading-edge mobile multimedia services, including i-mode™, the world's most popular mobile e-mail/Internet service, used by more than 47 million people. With the addition of credit-card and other e-wallet functions, DoCoMo mobile phones have become highly versatile tools for daily life. NTT DoCoMois listed on the Tokyo (9437), London (NDCM) and New York (DCM) stock exchanges. For more information, visit www.nttdocomo.co.jp/english.