Hong Kong, May 16, 2000
Lin, formerly Senior VP of Templeton, appointed as Vice President - Strategy
— chinadotcom corporation [NASDAQ: CHINA; Website: www.corp.china.com], the leading pan-Asian integrated Internet company, has appointed Jack Lin as Vice President, Strategy to join the group's strategic investments team. He will work with chinadotcom corporation's senior executive in finding, evaluating and executing strategic alliances and acquisitions to further reinforce the group's unique Build, Distribute, Sell investment-driven business model.
Lin comes from a five-year tenure with one of the world's leading equity and asset management houses, Templeton Asset Management Limited, where he worked with Mark Mobius focusing on value-creation in emerging equity markets throughout Asia. A key responsibility in his new role will be streamlining and centralizing the group's investment and acquisition process in order to maintain chinadotcom corporation's advantage in the marketplace as an organization known to deliver results and shareholder value through its strategic investments.
"We are pleased to welcome Jack to the high-energy environment of the Internet industry and to the strong management team of chinadotcom corporation," said Peter Yip, Chief Executive Officer of chinadotcom corporation. "His experience in reviewing technology and Internet related investments worldwide, and in particular, Japan, China and Korea, will no doubt prove invaluable. Through his experience with Templeton's style of investing for value, I see Jack instrumental in maximizing the long term value we create for our core businesses and our shareholders as we drive our strategic investment portfolio forward in the years ahead."
Lin was previously Senior Vice President - Private Equity of Templeton Asset Management in its Emerging Markets Group working on multi-million dollar funding projects for various Internet and technology-related investments throughout the world. Prior to this he was Senior Associate of China Enterprise Development Fund, a private equity portfolio investing throughout China. Lin has been involved in equities and finance for ten years following his qualifying as an attorney in the US, in 1991.
"I am very pleased to join chinadotcom corporation, helping to formulate and execute the strategic investment initiatives for driving the group and Asian Internet into new realms," said Jack Lin. "The Internet is one of the most profound new markets the world has ever seen and, like the highly volatile and high-growth emerging markets, adding equity value is all about rapid response and being dynamic in the market. I believe I can contribute significantly to help the group maintain its dynamism as it grows and extends its investment portfolio."
About chinadotcom corporation
chinadotcom corporation (NASDAQ: CHINA) is a leading pan-Asian Internet company offering web solutions, portal and online advertising services. Through its three business units, chinadotcom is able to provide a full range of Internet services around the Asia Pacific region 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).
Fuelling the growth of each of these three business units is a synergistic investment strategy that leverages on chinadotcom's existing operational and cost infrastructure.
By partnering with companies that have proven and successful track records, such as Agence France Presse, AOL, Softbank and Trans Cosmos, chinadotcom is well-positioned to create long term shareholder value through its investments.
The company has over 1,600 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. For more information about chinadotcom corporation, please visit www.corp.china.com.
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