Hong Kong, September 20, 1999
— China.com Corporation (NASDAQ: CHINA), a pan-Asian Internet company providing a full range of solutions through its integrated portal that build, distribute and sell Internet services, today announced the appointment of Edward Hsu as Chief Technology Officer. As CTO, Hsu will be responsible for leading the definition of the technical direction for the company as well as guiding the execution plan for developing, integrating and deploying China.com Corporation's channels, products and services.
Hsu has 18 years corporate experience in technology and Internet-related businesses as well as an impressive history of personal accomplishments.
Peter Hamilton, Chief Operating Officer of China.com Corporation said, "In addition to bringing a wealth of knowledge and experience to us, Ed brings with him a drive and ambition for innovation that ideally matches both our corporate objectives as well as the creative and professional environment that we have developed here."
"As Internet-related services continue to become more and more popular and important to Asia's economic growth, we believe that Ed is ideally-suited to help us meet and exceed market demand for new and more efficient services and systems," Mr. Hamilton continued.
"Ed's appointment is part of the continuing process of reinforcing the strongest and most experienced Internet management team in Asia. Hiring people of Ed's calibre is the only way to continue to take the leading role in the pan-Asian Internet and e-commerce business" commented Hamilton.
Most recently, Hsu was Executive Vice President at Sina.com where he was responsible for managing the engineering, production, operations and deployment divisions.
Mr. Hsu said, "I am very excited about the role I will be playing at China.com Corporation for a number of reasons. First, there is truly an 'Anything is Possible' drive within the company. The outlook is very positive and I'm delighted to be a part of it. Second, I personally believe that technology should not drive the company and its strategy, but rather customers and their needs should be the focus. China.com Corporation is a customer focused, market driven organization and that is a philosophy I can truly ascribe to."
Prior to Sina.com, Hsu served first as Engineering Director of Netscape Corporation and then as Managing Director of Netscape Asia Professional Services from October 1994 through April 1999 where he played an integral part in building up Netscape as an engine for e-commerce in Asia. In April 1995, Hsu led the team that built the first Internet-based credit card payment system, validating that such an electronic payment system could operate successfully.
Hsu also drove the integrated applications team that created Netscape's now widely-used electronic commerce system. This system was launched in 1995.
From 1991 to 1994 Hsu was Senior Director of the Unix Business Unit at Oracle Corporation, managing products and relationships with major partners. Key projects included Oracle7, Parallel Server, and massively parallel systems that validated Unix as a large-scale, mission-critical system. In less than four years, Mr. Hsu played a lead role in growing the company's Unix market share from under 10% to 90%.
"I am looking forward to working with the strong management team at China.com Corporation to further develop and implement the company's unique 'build, distribute, sell' business strategy. It is a model that has tremendous potential for growth by providing increased opportunities for multiple revenue streams," Hsu continued "It is particularly satisfying to be a member of a team that will play an important role in taking Asian-driven technology and content to a heightened level of development; underpinning the increased competitiveness of Asia through more effective use of the Internet and e-commerce. "
Hsu, who will be based in Silicon Valley working closely with the China.com Corporation team in both The US and Asia, believes his most important role is to facilitate the identification of cutting edge technology that can be developed into customer applications for the company. "My job is to make other people successful," said Hsu.
"Having Ed based in America's technology hub in Silicon Valley will greatly contribute to our ability to stay at the forefront of innovation and technology - Ed will be our direct link to the 'e-pulse'," added Mr. Hamilton.
About China.com Corporation
China.com Corporation [NASDAQ: CHINA] is a pan-Asian, integrated Internet business that builds, distributes and sells Internet services through its integrated portal. China.com has a strong and innovative Internet-based business strategy which covers the full range of Internet services with its portal network (hongkong.com, china.com, cww.com and taiwan.com), e-business solutions company (the Web Connection) and Internet advertising network (24/7 Media Asia). Today, China.com is committed to facilitating the development of the Internet in Asia, and has over 430 employees in twelve offices across seven Asian countries.
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