DLJdirect on Tuesday announced a joint venture with a Hong Kong-based conglomerate that would extend the on-line brokerage company's reach throughout Asia.DLJdirect said it plans to form a fifty-fifty partnership with Hutchinson Whampoa Ltd. this year that would give the Jersey City-based brokerage a presence in Hong Kong, mainland China, Thailand, Singapore, Malaysia, the Philippines, Taiwan, and Indonesia. The deal reportedly requires a $10 million investment from each partner and the formation of a separate company.

The unit of New York investment bank Donaldson, Lufkin & Jenrette Inc. would supply expertise in financial services and technology, and Hutchinson Whampoa would contribute its brand identity, global data center, and access to customers.

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