Beijing: Pacific Century CyberWorks and Chinese oil giant Sinopec Corp form an 80 million yuan worth joint venture to provide information technology services in China - $9.7 million - News analysis: Asian telecoms this month - Petro-CyberWorks Information Technology Co - Brief Article

Telecom Asia, April, 2002

Beijing: Pacific Century CyberWorks and Chinese oil giant Sinopec Corp form an 80 million yuan ($9.7 million) worth joint venture to provide information technology services in China. The venture, Petro-CyberWorks Information Technology Company (PCITC), will be based in the Zhongguancun Science Park, Beijing, and plans initially to support and facilitate Sinopec's IT development and daily operations.