Hong Kong, March 6, 2000
New CEO takes the helm as portal announces 1 million registered subscribers,3 million page views and 35 million hits per day
— chinadotcom corporation (NASDAQ: CHINA; website: www.corp.china.com), the leading pan-Asian, integrated Internet company, today announced the appointment of Mr. Rudy Chan as the Chief Executive Officer of Hong Kong's leading Internet portal, hongkong.com.
The former Managing Director of Asia for Time Inc., Mr. Chan joined chinadotcom corporation in December 1999 as Director of e-Commerce to develop and expand the company's e-commerce capabilities for its Greater China portals -china.com, cww.com, hongkong.com and taiwan.com. Having managed Time Inc.'s operations throughout Asia, including businesses in the Time, Asiaweek and Fortune magazines, Mr. Chan brings extensive knowledge in print and Internet publishing to hongkong.com.
On Mr. Chan's appointment, Mr. Peter Yip, Chief Executive Officer of chinadotcom said, "We are delighted to add Rudy to hongkong.com's senior management team. His experience in print and online publishing with the most respected names in the industry will bring extensive international and local e-Commerce experience to hongkong.com."
In his new position, Mr. Chan will be responsible for enhancing and executing the three "C" strategy - Content, Community and Commerce - that will be the force driving the attraction and retention of new and current hongkong.com users.
In the short space of two months, the portal had attracted 1 million registered subscribers, 3 million page views per day and 35 million hits per day, a remarkable growth of 32%, 76% and 75% respectively as compared with 760,000 subscribers, 1.7 million page views per day and 20 million
hits per day at the end of the fourth quarter of 1999. With 20 different content channels, covering such topics as technology, finance, beauty, entertainment, as well as an extremely popular local city guide, hongkong.com is poised to maintain its leadership in the local portal market.
hongkong.com's content will continue to focus on topics and capabilities that appeal to Hong Kong audiences. These topics include local news, theatre, film, sports, and music information. The site will also offer interactive services for making online reservations, and for hosting real-time discussion forums. Such localised and in-depth content and services have encouraged repeat visits from users, thereby creating active online communities and a platform for the site's e-Commerce base.
"Specifically, our unique channels, Shop4U, Home4U, and Post4U, offer interactive and transactional services that reflect the interests and needs of the Hong Kong community," said Mr. Chan. "They provide users with innovative, interactive services such as home-delivery shopping for beauty and household products. Our chat rooms are an extension of the interactive entertainment that we provide, allowing the people of Hong Kong to form personal relationships over the Internet.
Throughout our portal network, we aim to create an online environment where visitors can find local and international information and services that are relevant to many aspects of their lives, and where they feel they can also contribute to discussions and debates in return," added Mr. Chan.
About chinadotcom corporation
chinadotcom corporation (NASDAQ: CHINA) is the leading pan-Asian Internet company built on an integrated operating and investment business model. 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 also invests in synergistic internet companies throughout Asia-Pacific that add value and depth to its services and portal channels. chinadotcom corporation's investment strategy is largely
based on three types of investments. The first, incubation - through chinadotcom corporation's Jump Start program - supports seeding of new companies and incubates Internet start-ups. For example, chinadotcom corporation's investment in, and development of, looks.com has created a highly popular Asian beauty and fashion on-line retailer. The second, acceleration, builds on existing businesses and accelerates the growth of the existing on-line services, while the third category of investments, partnership, enables chinadotcom corporation to join with established Internet companies to accelerate their entry into the Asian market.
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 1000 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.
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