Makes Further Asian Web Investments Corp., the aggressive Hong Kong-based Internet company that aims to provide content, services, and advertising across the entire Asian market, yesterday announced the latest in a string of acquisitions.

The company bought a majority stake in Yes!Net, a Taiwanese operator of entertainment and other Web sites, and a minority stake in, a music shopping and information site. purchased 80 percent of Yes!Net in an equity swap under which Yes!Net retains 20 percent ownership. The Taiwanese company runs more than 10 Web sites, including the only site in Taiwan where local Web sites can register their URLs for search engines worldwide, according to The company also operates an advertising server that supports multiple languages and helps to make efficient use of Internet advertising space.

Other Yes!Net sites offer software downloads, entertainment and lifestyle news, and jokes. now owns the intellectual property rights to Yes!Net's content and plans to leverage it to enrich its's offerings at its own Web portals, such as and features e-commerce functions as well as information on Asian, European, and U.S. music, according to

Yesterday's acquisitions follow's announcement earlier this week of an e-commerce deal with U.S. business-to-consumer vendor (See ", sign retail deal," Jan. 5.) said its purchase brings its majority and minority purchases and joint ventures to a total of 23.

Companies both in Asia and the U.S. in recent weeks have joined an Internet land rush to grab their share of an Asian e-commerce market expected to explode in the next few years. (See "Asia E-Commerce Deals Tap Into Big Market," Jan.

6.) is in Hong Kong and can be reached at

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