Hong Kong, February 2, 2000
chinadotcom corporation Enters Partnership with Net Perceptions
— chinadotcom corporation (NASDAQ: CHINA; Website: www.corp.china.com) a pan-Asian, integrated Internet company, announced it has entered into an agreement with Net Perceptions (NASDAQ:NETP), the pioneer and leader in providing personalisation solutions which enable businesses to serve customers on a one-on-one basis across multiple touch points.
In this agreement, Web Connection, the Build portion of chinadotcom's business model of "Build, Distribute, Sell", will distribute and support Net Perceptions' Realtime Personalisation Technology (RPT). RPT is a revolutionary service which predicts an individual's preferences through observing realtime behaviour like click-throughs, and makes specific recommendations accordingly to ensure a one-on-one service. Net Perceptions has also signed two Korean companies, DACOM System Technologies and MPC Limited as partners.
RPT will benefit business-to-business customers by allowing them to monitor customer behaviour as they click through icons on the website. For instance, an online music provider can observe the categories of music that the user clicks on and then use that information to proactively send tailored retail information to the user.
Mr. Peter Hamilton, Chief Operating Officer of chinadotcom corporation, said, "We are very excited about our partnership with Net Perceptions. RPT will leverage our e-Commerce provision capabilities two-fold. First, RPT will encourage greater stickiness or loyalty from customers as they receive personalised product information directly from the source. Second, as
a result of greater customer loyalty, businesses will gain further understanding of customers' specific needs, and in turn will be able to continuously adapt products and services accordingly."
The announcement adds to the unique blend of core competencies that the Web Connection offers while positioning chinadotcom as an Asian market leader in online customer relationship management.
"The Asia-Pacific market offers explosive growth opportunities for our personalisation technology," said Steven Snyder, CEO and President of Net Perceptions. "E-commerce in Asia is expected to reach US$32 billion by 2003. Asia is clearly a huge untapped market for personalisation and by being here first with pan-Asia coverage gives us a tremendous advantage."
By partnering with a company that is clearly a leader in its field, chinadotcom will be able to deliver integrated Internet services to its clients and differentiate it from competitors in Asia.
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 10 Asian markets, including Australia, Hong Kong, Japan, Korea, Malaysia, Singapore, and Taiwan. In Mainland China, the company has nine offices and over 300 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.
About Net Perceptions
Net Perceptions (NASDAQ: NETP) is the leading supplier of real-time personalisation solutions that enable businesses to market to customers on a true one-to-one basis across multiple touch points. Net Perceptions solutions increase new and repeat business by learning more about each customer's individual needs, tastes and preferences with every interaction, then making increasingly personalised product and service recommendations. Net Perceptions, based in Minneapolis, is a publicly held company which operates additional offices in New York, San Francisco and Reading in England, and a joint venture office in Japan. Customers include many of the world's best known brands, including Art.com, Askul, Bertelsmann, Billboard TalentNet, CDNOW, E!On-line, Micron, SkyMall, Tower Records and Ticketmaster On-line. For more information about Net Perceptions products, please visit www.netperceptions.com.
For More Information