China's Linktone attracts $1M.(Brief Article)

Byline: Charles Smith

TOKYO -- Japanese trader Mitsubishi Corp. and Internet content provider Index Corp. said July 23 they would jointly invest about $1 million in Linktone Co., China's leading provider of wireless Internet content.

Mitsubishi spokesman Tomoya Shimoda said Mitsubishi and Index would take a 5.5% stake in Linktone.

Shimoda said Mitsubishi was anxious to gain a foothold in the Chinese mobile market but was also looking for capital gains. He suggested that Linktone would eventually go public either in New York's Nasdaq market or in Hong Kong.

Linktone is legally domiciled in the Cayman islands but is a Chinese language …