TIBET, Une 26, AsiaInfo Services, Inc The first Sino-Swiss joint venture labeled as Lasar Wase Clock and Watch Sales and Repair Center and Swiss Titoni and Repair Station opened recently in Tibet. Swiss watches and clocks enjoy worldwide reputation and became favored by Tibetans in 1950s. In response to the enormous demands, the joint venture came into being. The Chinese side pays 60 percent of the total investment, while the Swiss pays the rest and is responsible for talent training.