Hong Kong-based Golden Harvest Group and shareholder Acer Digital Services Group have joined forces with East-West Entertainment and Morning Technologies to form Eolasia.com, an entertainment portal to target the global Chinese community.

The HK$200m investment will go towards three portals with localised content to service the China, Hong Kong and Taiwan markets. It will offer music downloads and work as an umbrella for Asian talent. The site will also feature online karaoke and computer games.

Eolasia.com is scheduled for a public listing on the Growth Enterprise Market (GEM) by the end of 2002.