chinadotcom announces promotion of senior executive at subsidiary 24/7 Media Asia

Hong Kong, May 19, 2000 — chinadotcom corporation's (NASDAQ: CHINA) wholly-owned subsidiary 24/7 Media Asia today announces the promotion of Allan Hyde to Managing Director, South East Asia, Australia and New Zealand of 24/7 Media Asia.

Prior to joining 24/7 Media Asia, Allan served in a number of senior management roles at the Seven Television Network in Australia, where he was Deputy Chief Financial Officer. Also at an Australian Internet media company, he was Chief Financial Officer and Chief Operating Officer, where he was closely involved in the successful introduction and development of the Excite portal business into the Asia Pacific.

Allan will oversee the operations of 24/7 Media Asia in Singapore, Malaysia, Thailand, Australia and New Zealand. He brings the company his unique experience of both traditional and new media disciplines, as well as an understanding of Asian business culture necessary for success in the South East Asian and the South Pacific regions.

Mr. Peter Yip, CEO of chinadotcom and Chairman of 24/7 Media Asia, said, "Allan is a strong addition to the senior management team. His extensive management experience and track record of success will ensure that 24/7 Media Asia continues to capitalize on the many opportunities in South East Asia, Australia and New Zealand."


About 24/7 Media Asia:

24/7 Media Asia, a chinadotcom corporation company, delivers unparalleled Internet advertising and online direct marketing solutions for advertisers and Web publishers across the Asia region. Its highly targeted ad-serving network includes Greater China, the ASEAN nations, Australia, South Korea and Japan, and currently employs over 200 media professionals operating across 10 offices in 9 countries.

The 24/7 Media Asia network of over 500 major website affiliates attracts a broad set of Asian advertisers and international companies interested in advertising in Asia. Over 500 leading global and regional advertisers and agencies have signed up with 24/7 Media Asia, including Sony Corporation, Mitsubishi Motor Corporation, Compaq, Microsoft, KLM Royal Dutch Airways, Ericsson, AT&T, Hewlett Packard, Samsung, and Daewoo. 24/7 Media Asia is a wholly owned subsidiary of chinadotcom corporation [NASDAQ: CHINA] developed in cooperation with 24/7 Media, Inc [NASDAQ: TFSM].

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 America Online, Softbank Investment Strategic, Trans Cosmos and Agence France Presse. 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 Japan, Korea, Australia, Hong Kong, Taiwan, Singapore and Malaysia. In Mainland China, the company has 12 offices and over 500 employees. For more information about chinadotcom corporation, please visit www.corp.china.com.

 

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