Clients Across Asia to Benefit from Improvements in Operational Efficiency and Cost Savings
Hong Kong, April 17, 2000
In a move to deepen its e-business strategy and solutions service offering, Web Connection, a wholly-owned subsidiary of chinadotcom corporation [NASDAQ: CHINA], has acquired a majority interest in e2e Business Solutions Ltd. (e2e), formerly Chelcon Technology Group Ltd, a software and professional services firm that focuses on providing Internet-enabled business-to-business solutions to the thriving e-business market in Hong Kong and China.
Web Connection's latest strategic investment will immediately bring to its clients e2e's Internet-enabled and best-in-class Enterprise Management solutions that include web-enabled Enterprise Resource Planning (ERP), Retail and Logistics Management and Enterprise Asset Maintenance Management (EAM).
Web Connection will also be broadening its capabilities in business-to-business (B2B) systems implementation and Supply Chain Management by combining and leveraging e2e's expertise in these areas.
"Web Connection and e2e complement each other well," said Steve McKay, President and Chief Operating Officer of Web Connection. "The combination of our core expertise will lead to the creation of a complete end-to-end offering for clients. I'm excited with this venture as it marks a significant next step in Web Connection's plan to further strengthen and add more value to our specialty practices across Asia. Our clients should benefit from improvements in operational efficiency, cost savings and business partner retention that often come from B2B projects. We look forward to working with e2e to establish Web Connection as the clear partner-of-choice for multinationals and dot-coms seeking to deploy end-to-end e-business solutions across the region," added McKay.
e2e Business Solutions Ltd. is the new name and identity of Chelcon Technology Group, a Hong Kong-based firm that has offered Internet-enabled Enterprise Management solutions as well as implementation and integration services focused on the manufacturing, distribution, retail, utilities and transportation sectors in Greater China since 1998. e2e services major clients such as Intel China, Shanghai Bell and Beijing Tobacco and has an impressive research and development centre in Tianjin, China.
e2e's expertise lies in providing full system integration capabilities, including business application expertise, industry know-how, consulting and implementation services, project management, education and training, business process re-engineering as well as skills in establishing Internet infrastructures and platforms.
"This new partnership with Web Connection will provide our existing clients with powerful new means to reach deeper into both Greater China and other Asian markets," said Mark Lam, Chief Executive Officer of e2e. "There is a tremendous amount of synergy between e2e, Web Connection and chinadotcom corporation."
"Under the new partnership, Web Connection and chinadotcom corporation will work to offer their collective clients a comprehensive offering that covers both customer relationship management solutions as well as sophisticated B2B solutions. This venture will enable us to offer clients complete end-to-end e-business solutions right across Asia."
e2e works with leading e-business solutions providers such as Oracle, Microsoft, Sun Microsystems and PSDI to deliver solutions across the entire demand and supply chain processes. In addition, e2e has also formed strategic partnerships with Hewlett-Packard and IBM.
About Web Connection
Established in Hong Kong in 1995, the Web Connection, a chinadotcom corporation [NASDAQ: CHINA] subsidiary, offers Internet strategies and solutions for major corporations and dot-com startups that recognise 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 online marketing - which represents the core ingredients of a winning e-business solution. Major clients include HSBC, Cathay Pacific, Mandarin Oriental Hotel Group, KLM, IBM, General Motors, Samsung and Cisco Systems. The Web Connection has over 700 staff across Asia with offices in Hong Kong, China, Singapore, Japan, Taiwan, Korea and USA. Visit the Web Connection at www.twc-asia.com.
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 the Asia-Pacific region 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. The second, acceleration, builds on existing businesses and accelerates the growth of existing on-line services, while the third category of investments, partnership, enables chinadotcom corporation to join with established Internet companies to accelerate and expand their entry into the Asian market. To date, through our investment program, chinadotcom corporation has invested in more than 30 Internet companies around the world.
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 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 12 offices and over 350 employees. Major corporate shareholders include America Online Inc., Mitsui & Co. Ltd., Nortel Network Corporation, New World Infrastructure Limited and 24/7 Media Inc. For more information about chinadotcom corporation, please visit www.corp.china.com.
About e2e Business Solutions (e2e)
Established in 1998, e2e is the new name for Chelcon Technology Group, a leading provider of Internet-enabled Enterprise Management solutions and implementation and integration services focused on the manufacturing, distribution, retail, utilities and transportation sectors across Greater China. Clients include Intel China, Shanghai Bell, Beijing Tobacco, Schindler Elevator, Shanghai Automotive Group, China Resource Corp., Roche Pharmaceutical, Shan Dong Airline, Dalian Sanyo Electrical, Qing Dao Beer, Guangzhou Metro Corp., Zida Technologies, Belton Electronics, Noble Jewelry, Chung Pak Battery, Kam Yuen Watch, China Haier Electrical. e2e has formed strategic partnerships with leading e-business solution providers including Oracle, Microsoft, Sun Microsystems, HP and IBM. e2e has over 90 staff with offices in Hong Kong, Beijing, Tianjin, Shanghai and Guangzhou including an R&D centre in Tianjin. Visit www.ctg.com.hk for more information.
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