Hong Kong, December 6, 1999
AsiaSport.com Service Launch, Introduction of New Brand Identity, 2-for-1 stock Split
— chinadotcom corporation [NADSAQ: CHINA] capped off its success since becoming a publicly traded company last July by announcing that it has established a partnership with Agence-France Presse (AFP) to provide a pan-Asian interactive sports service and that it has launched a new global brand identity. The company also announced that its Board of Directors has approved a 2-for-1 stock split.
The partnership with AFP will see the two firms jointly develop an interactive sports service called AsiaSport.com. This service will provide Internet users with current sports news and interviews with sports figures throughout Asia. chinadotcom corporation will be responsible for web site design, sales and marketing, and on-line advertising for this new service while AFP will be responsible for the organization, production and editorial integrity of news content.
"Our success is testimony to the acceptance of chinadotcom corporation as an integrated Internet company and our unique 'Build, Distribute, Sell' business model," said chinadotcom corporation Chief Executive Officer, Peter Yip.
Mr. Yip continued, "This new partnership will provide Internet users in Asia with an opportunity to actively follow their favorite teams and stars. It is also our response to market demand for additional content that reflects Asian lifestyles and interests."
The new brand identity for chinadotcom corporation, based around a theme that says "youdotcan," was created to recognize the accomplishments of the past, and to signify our own potential and the unlimited potential of the Internet in Asia. The logo, based on a gray brushstroke "C" circling a red dot, reflects vitality and movement but also upholds the company's solid and vibrant foundation. The logo is also designed to represent the modern aspects of the Internet as well as the company's Asian cultural heritage.
The "youdotcan" theme represents the company's integrated Internet services that enable people to use the power of the Internet to accomplish personal or business objectives.
"Our fresh new brand identity, which continues to emphasize our Asian roots, is a symbol of our pioneering support for the Internet in this region," said Peter Yip, Chief Executive Officer of chinadotcom corporation. "Our vision is to contribute to enabling the digital communities of Greater China and Asia to realize their full Internet potential. We will have succeeded if we can encourage individuals and companies to think 'youdotcan' - and then give them the tools to do it," he added.
Mr. Raymond Ch'ien, Chairman of chinadotcom corporation, said at the press conference that the period since the IPO, highlighted by today's 2-for-1 stock split, has been one of the confirmed accomplishments for chinadotcom corporation and for the Internet in Greater China. "Our company has announced fifteen new partnerships in the past three months, many of them focused on servicing Greater China. These moves and our pioneering role in China ensures that we are ideally positioned to lead the new initiatives related to portal and website development, online advertising, and e-commerce solutions that will be emerging in China and throughout Asia in the coming months." he added.
Under the terms of the stock split, investors on record on December 6, 1999 will receive one additional share for every share they currently hold. The distribution date for the new shares will be December 13, 1999.
About chinadotcom corporation
chinadotcom corporation is the first pan-Asian integrated Internet company listed in the United States (NASDAQ: CHINA). The company provides a full range of Internet services that; 1) build e-commerce 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). chinadotcom 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 21 offices across 10 Asian markets. In Mainland China, the company has five offices and over 200 employees.
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