Hong Kong, January 26, 2000
eBay Chinatown to Link Person-to-Person Online Trading Audiences in East and West
— chinadotcom corporation (NASDAQ: CHINA; Website: www.corp.china.com), a pan-Asian, integrated Internet company, announced today an agreement with eBay Inc., the world's leading person-to-person trading community, to promote eBay Chinatown to Internet audiences throughout Asia. eBay Chinatown (www.ebay.com/chinatown) is a new area on eBay that celebrates Asian culture and provides a marketplace for a wide variety of merchandise, from jade jewelry to rugs, art work and consumer electronics.
chinadotcom corporation will market the eBay Chinatown to Asian Internet users through its Greater China portal network, china.com, cww.com, hongkong.com and taiwan.com. Through chinadotcom corporation's portal network, e-Bay Chinatown will be able to reach 2 million registered users.
Through chinadotcom corporation, eBay Chinatown will also be able to provide innovative and creative content targeting Chinese audiences, and designed to make the person-to-person online experience entertaining and fun. eBay Chinatown is an one-stop-shop for merchandise of Asian interest. Categories include Asian Treasures, Feng Shui, Books, Electronics, Street Bazaar, Health & Nutrition (including aromatherapy and Chinese herbs), Kids World, and the American Galleria (including CDs, designer clothes and movie memorabilia).
Commenting on the agreement with eBay, Mr. Rudy Chan, chinadotcom corporation's Director of e-Commerce, said, "The online auction format is a new frontier for e-commerce in Asia. According to International Data Corporation, the Asian region's revenues from e-commerce were over US$2.2 billion in 1999 and are expected to exceed US$32 billion by 2003. The online auction format will no doubt be part of this anticipated growth, and chinadotcom corporation is thrilled to help bring eBay Chinatown to Asia."
Mr. Ian Henry, President, International of chinadotcom corporation, said, "We are delighted to work with a leading firm like eBay to bring the excitement of the online auction format to Asia. Through our work with eBay we plan to bring together person-to-person online trading communities in U.S. and Asia and provide them with unprecedented access to merchandise from the other side of the globe."
"eBay Chinatown is our next step into the Asian marketplace and should provide an excellent online venue for anyone interested in trading Asian merchandise," said Susanna Kass, COO, international operations at eBay. "We hope that teaming up with chinadotcom will help us reach traders in Chinese communities across Asia, where we believe the online auction format has great potential."
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-business strategies and solutions (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 900 employees in 24 offices across 11 Asian markets, including Australia, Hong Kong, Japan, Korea, Malaysia, Singapore, and Taiwan. In Mainland China, the company has five offices and over 200 employees. Major corporate shareholders include America Online Inc., Mitsui & Co. Ltd., Nortel Network Corporation, Sun Microsystems Inc., New World Infrastructure Limited and 24/7 Media Inc. For more information about chinadotcom corporation, please visit www.corp.china.com
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