Hong Kong, December 3, 1999
Web Connection celebrates Japanese office launch
— China.com Corporation today announced the launch of the Japanese office of its wholly-owned subsidiary, Web Connection.
This presence in Japan - a market expecting to see over 300 billion Yen in online sales this year - brings to 10 the number of Asia-Pacific markets covered by China.com Corporation.
Commenting at the launch event to mark the Japan office opening, Peter Yip, Chief Executive Officer of China.com Corporation said, "Japan is currently the leading Internet nation in Asia and as Asia's leading integrated Internet company we must have a significant presence in this strategically important market. This announcement also serves to reinforce our increasingly strong presence across the Asia-Pacific region, which gives us an unrivalled opportunity to serve both local and multinational clients in Japan.
"We see great opportunities for building a significant business as we believe that Japan has a natural cultural and business fit with the Internet. For example, there is an existing strong catalog shopping culture as well as an advanced banking infrastructure. We already have well-established ties in Japan through our existing relationship with Mitsui & Co. Ltd., who are one of our major shareholders and we look forward to strong business growth in Japan in the coming year, both through organic growth and through establishing further strategic alliances," added Mr Yip.
Since its formation in early 1999 the Web Connection Japan has already established an impressive track record. Current projects underway include e-business solutions strategy work for sports shoe brand New Balance Japan, The Oxford University Press and international children's book publishers, Shikosha.
"In a very short period of time, the Web Connection has established itself in Tokyo as a
leading player, and certainly one of the most knowledgeable, in online business," commented Michael Glenn, International Creative Director for Hakuhodo Inc..
"The Web Connection Japan is definitely focused on the right aspects of e-business. I am impressed with their understanding of how web development is integrated with a company's overall business strategy. They have amazing regional capabilities. I think that is one of their great strengths," added Christopher J. Phelan, COO of Global Online Japan.
The Web Connection launch follows on the heels of the office launch of China.com Corporation's online advertising subsidiary 24/7 Media Asia in November.
Commenting on the addition of the Web Connection business to the existing presence in Japan of 24/7 Media Asia, Mr. Yip said, "The fact that we have established both e-business solutions' and advertising businesses in Japan is a further demonstration of the continued implementation of our unique 'Build, Distribute, Sell' Internet business model across the region".
About China.com Corporation
China.com Corporation is the first pan-Asian, China-focused integrated Internet company listed in the United States (NASDAQ: CHINA). The company provides a full range of Internet services that; 1) build ecommerce strategy and solutions (the Web Connection), 2) distribute content via its portal network (china.com, cww.com, hongkong.com, and taiwan.com), and 3) sell services through online advertising (24/7 Media Asia). China.com Corporation is committed to enabling digital communities to realize their full potential, thereby facilitating the development of the Internet in China and across Asia. The company has over 700 employees in 17 offices across 10 Asian markets. In Mainland China, the company has five offices and over 200 employees. Corporate shareholders include America Online Inc., Mitsui & Co. Ltd., Bay Networks Inc., Sun Microsystems Inc., New World Infrastructure and 24/7 Media Inc.
About 24/7 Media Asia
24/7 Media Asia, a China.com Corporation company, delivers unparalleled Internet advertising and online direct marketing solutions for advertisers and Web publishers across the Asia region. Reaching a potential market of over 23.4 million Internet users in Asia1 (including Japan), 24/7 Media Asia's highly targeted ad-serving network includes Greater China, the ASEAN nations, Australia, India, South Korea and Japan. The 24/7 Media Asia network of over 175 Web site affiliates attracts a broad set of Asian advertisers and international companies interested in advertising in Asia. Over 200 leading global and regional advertisers and agencies have signed up with 24/7 Media Asia, including Sony Corporation, Mitsubishi Motor Corporation, Compaq, Microsoft, KLM Royal Dutch Airways, Mild Seven Outdoor Quest, Ericsson, and AT&T. 24/7 Media Asia is a wholly owned subsidiary of China.com Corporation [NASDAQ: CHINA], developed in cooperation with 24/7 Media, Inc. [NASDAQ: TFSM].
About The Web Connection
Established in 1995, the Web Connection, a China.com Corporation [NASDAQ: CHINA] subsidiary, offers strategic Internet solutions for major corporations and dot-com startups that recognize the power of the Internet as a business platform and customer relationship management channel. The Web Connection brings together a rare blend of core competencies - digital strategy, technology integration, creative design and interactive marketing - which represent the core ingredients of a winning e-business solution.
Major clients include HSBC, Financial Intelligence Agency, Hong Kong Tourist Association, Mandarin Oriental Hotel Group, KLM, IBM, General Motors, Samsung and Cisco Systems. The Web Connection has over 250 staff across Asia with offices in Hong Kong, China, Singapore, Japan, Taiwan and Korea.
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