China.com Buys Mobile Service Provider Timeheart For $15.7 Million

CDC Corp., owner of Chinese Internet portal China.com, has bought Timeheart, which provides mobile content and messaging services, for about $15.7 million. China.com said its CDC Mobile unit will operate the newly acquired business. Timeheart, operating primarily in the northeastern and western provinces of China, logged a 2005 profit of about $3.5 million. Some more details in the release here.

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