Hong Kong, April 18, 2000
hongkong.com portal first in live soccer match Webcast
— chinadotcom corporation (NASDAQ: CHINA; website:www.corp.china.com), the leading integrated pan-Asian Internet company, announced today that it is to sponsor the upcoming "chinadotcom corporation Challenge" soccer match between Hong Kong and China. The match will be broadcast live on the hongkong.com portal in an exclusive first-ever live Webcast of a football match in Hong Kong (www.sports.hongkong.com/zh_tw/hksports/challenge), when it kicks-off at 8:00pm on 25 April at the Hong Kong Stadium.
In the past 30 years since records, Hong Kong and China have played a total of 14 matches, with 8 won by China, 3 by Hong Kong and 3 matches drawn. The last time Hong Kong and China met was during the 4th AFC "Marlboro" Dynasty Cup in 1998 when the mainland won 1-0. With world-famous coach Bora Milutinovic now at the helm as China's national coach and top Chinese talents striker Li Wei Feng and midfielder Li Jinyu in China's squad, China will be in a confident mood for the game.
"We are delighted to welcome Bora Milutinovic and the Chinese National Team to Hong Kong for the chinadotcom corporation Challenge," said James Stuart, Communications Director of chinadotcom corporation. "Our first-ever live Webcast of a football match in Hong Kong marks the start of chinadotcom corporation's drive to harness the interactivity and immediacy of the Internet for the benefit of sports fans in the region."
Full player and coach run-downs can be found on the hongkong.com portal which is also hosting a Web Quiz for its online soccer fans. 40 winners will each be given two free tickets to the match.
"This is an excellent community and sports event which is ideal for promoting over the Web - fans can get the latest news on their teams, watch the game live and discuss the game with other fans and even win tickets for the match. As a leading local portal, we are proud to be broadcasting this football match delivered by the latest technology through our premier network," said Mr. Rudy Chan, CEO of hongkong.com corporation.
"It is great to see the Internet and new online services playing a significant role in bringing different communities together through such events as the chinadotcom corporation Challenge," said Mr. Martin P.K. Hong, Chairman of the Hong Kong Football Association.
The Chinese national squad will be arriving in Hong Kong on April 24. They will be running a Youth Soccer Clinic with Bora Milutinovic and Hong Kong's star player Ricky Cheng from 11:00am -12:00 noon on 24 April. A selected group of elite youth players have been invited to practice and fine-tune their skills.
Tickets for the "chinadotcom corporation Challenge" go on sale at the Hong Kong Football Association (55 Fat Kwong Street, Homantin, Kowloon) and the Ticket Office of the Hong Kong Stadium starting April 19. Tickets will be priced at HK$120, HK$100, HK$60 and HK$30 (for senior citizens) and HK$20 (for students).
hongkong.com's support and Webcast of the match is in addition to a major sponsorship package signed last month between chinadotcom corporation and the Chinese Football Association.
Under the arrangement, chinadotcom corporation has become the strategic internet partner for the nationwide Team China initiative. Team China is a six-year development programme aimed at promoting sponsorship of, and interest in, the men's, women's and youth Chinese national football teams. In addition to providing funds and operational resources, chinadotcom corporation will develop dedicated community-driven Web-based services via www.team.china.com - a brand new bilingual Website over which chinadotcom corporation has exclusive rights.
The deal will also support numerous Team China matches, tournaments and national bids for prestigious international competitions including the Olympics, FIFA World Cup Qualifiers and FIFA Women's World Cup, through the end of 2002. Fans across China and around the world are expected to be able to get up-to-the-minute information on national teams, players, match schedules and results on the official Website.
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's a full range of Internet services 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 hongkong.com Corporation
hongkong.com has established strategic alliances with a number of prominent, internationally recognized businesses including AOL, Netscape, 24/7 Asia, RealNetworks, Visitalk.com, Xinhua, Agence France-Presse, Reuters and eBay. They offer content, technology and distribution capabilities as well as marketing, e-commerce and cross-promotional opportunities. Main channels available on hongkong.com include technology, finance, beauty, sports, entertainment and the cityguide.
As a leading Hong Kong portal, hongkong.com had approximately 35 million hits and 3 million page views daily as of the end of February 2000. With efforts to build online communities, encouragement of a wider user base, effective marketing campaigns and 20 vertical channels of localized content, hongkong.com has already acquired one million registered subscribers, a more than 30% increase from 760,000 registered subscribers in the fourth quarter of 1999.
Partnering with world recognized advertisers including IBM, FOX, Microsoft and Compaq, hongkong.com has already generated significant growth in revenue from its online advertising opportunities. As hongkong.com's e-commerce operation continues to develop regionally and globally, it will strengthen hongkong.com's position as one of the preferred advertising sites.
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