Internet incubator weathers dotcom downturn

Techpacific.com, a venture capitalist that invests in, nurtures and arranges financing for start-up technology companies in Asia, has recorded an 800% rise in turnover in the first half of this year, posting revenues of $3.29 million compared with just $357,000 for the same period last year. For the second quarter, revenues were $1.74 million, suggesting the tech sector's fall from grace had little impact on its operations.