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NTT DoCoMo invests in Chinese mobile payment business
Posted: 12-Dec-2005 [Source: NTT DoCoMo]

[NTT DoCoMo moves into mobile payment services in China by acquiring stake in JMI, a mobile payment service provider.]

Tokyo -- NTT DoCoMo, Inc. announced today that it will acquire a stake in JUST IN MOBILE INTERNATIONAL COMPANY LIMITED (JMI), for US $6 million. JMI is the holding company of Chinese mobile payment service provider, Just In Mobile. The transaction will take place in January 2006.

DoCoMo aims through the investment to boost the services of Just In Mobile in China by providing the know-how that DoCoMo has acquired through its settlement service using mobile phones in Japan.

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