DoCoMo to Acquire Stake in DMG
NTT DoCoMo said today that the company will invest $4.2 million in newly issued stock for an equity stake in Digital Media Group Co., Ltd., which owns Beijing Eastlong Technology Development Co., Ltd., a company that produces and distributes digital advertisements, content and services for the subway stations and trains in Shanghai. The investment will take place in January 2005. Through Eastlong Technology, DMG is planning to expand its digital media business using the latest wireless technologies, starting from transportation ads in trains and at subway and monorail stations throughout China.

For a special bonus Christmas present, today’s video program highlights a small company that really adds sparkle to Japan’s national obsession with custom keitai decoration. WWJ videographer Lawrence Cosh-Ishii spoke with Syouji Koyama this week at his (temporary) LED blazing storefront in the fashionable Shibuya shopping district, right across from Japanese gorgeous-Gal headquarters (aka the 109 Building). Cell-phone accessories may look like kid stuff to overseas viewers but the fun and games of charms, designer hand straps, custom-painted handsets and key pad jewels is a multimillion dollar spin-off industry that’s crossing Japan’s borders into Asia and coming to a country near you.