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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE: SECURITIES EXCHANGE ACT OF 1934 (Amendment No. _)
C-bridge Internet Solutions, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
12500B 10 5
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(CUSIP Number)
December 31, 1999
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Date of Event Which Requires Filing of this Statement
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[ ] Rule 13d-l(b)
[ ] Rule 13d-l(c)
[x] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 (the "Act") or otherwise subject to the liabilities of that section of the
Act but shall be subject to all other provisions of the Act (however, see the
Notes).
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CUSIP No. 12500 B-10-5 Page 2 of 5
1 NAME OF REPORTING PERSON:
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only)
Internet Business Capital Corporation Limited
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ ]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Bermuda
NUMBER OF 5 SOLE VOTING POWER
SHARES 2,290,750
BENEFICIALLY OWNED 6 SHARED VOTING POWER
BY 0
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 2,290,750
PERSON 8 SHARED DISPOSITIVE POWER
WITH
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,290,750
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES:
11 PERCENT OF CLASS REPRESENTED BY AMOUNT SHOWN IN ROW (9):
13.2%
12 TYPE OF REPORTING PERSON (See Instructions)
CO
2
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CUSIP No. 12500 B-10-5 Page 3 of 5
ITEM 1.
(a) Name of Issuer:
C-Bridge Internet Solutions, Inc. (the "Company").
(b) Address of Issuer's Principal Executive Offices
The principal executive office of the Company is located at
219 Vassar Street, Cambridge, MA 02139
ITEM 2.
(a) Name of Person Filing:
Internet Business Capital Corporation, Ltd.
(b) Address of Principal Business Office or, if none, Residence:
Cedar House, 41 Cedar Avenue, Hamilton HM 12, Bermuda
(c) Citizenship:
Bermuda
(d) Title of Class of Securities:
Common Stock
(e) CUSIP Number:
12500B-10-5
ITEM 3.
ITEM 4. OWNERSHIP
(a) Amount Beneficially Owned
2,290,750
(b) Percent of Class:
13.2%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
2,290,750
(ii) Shared power to vote or to direct the vote
0
(iii) Sole power to dispose or to direct the disposition of:
2,290,750
3
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CUSIP No. 12500 B-10-5 Page 4 of 5
(iv) Shared power to dispose or to direct the disposition of
0
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS. N/A
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON N/A
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.
N/A
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
N/A
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
N/A
ITEM 10. CERTIFICATION.
N/A
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true, complete
and correct.
February 10, 2000
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Date
/s/ Alan H. Roth
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Signature
Alan H. Roth
President
Internet Business Capital Corporation Limited
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