chinadotcom corporation appoints Managing Director, China for subsidiary 24/7 Media Asia

Hong Kong, May 22, 2000 — chinadotcom corporation (Nasdaq: CHINA) today announces the appointment of Rex Mai as Managing Director, China of its wholly-owned subsidiary 24/7 Media Asia.

Rex joined chinadotcom corporation in 1996 as the Marketing Manager of China. In early 1997, Rex initiated the launch of the cww.com portal and was subsequently promoted to National Sales Manager that year. As one of the pioneers and early players in the China Internet business, Rex was instrumental in building chinadotcom corporation's business and presence in Mainland China. He helped to establish chinadotcom's offices in Beijing, Shanghai, Nanjing and Hangzhou. chinadotcom now operates in 12 major cities in Mainland China.

In 1998 Rex introduced 24/7 Media Asia to Mainland China, giving China its first online advertising network. Rex was appointed as General Manager of 24/7 Media Asia in China in 1999 and established the 24/7 Media Asia's Beijing and Shanghai offices. In his dual role as General Sales Manager in 1999, Rex also led the team responsible for the official website for the Heineken Open Shanghai ATP Tournament. The website provided seamless media operations for the Heineken Open, and eventually led to an accreditation of the event with an Award of Excellence for Best Media of ATP Tournaments 1999 at the ATP Annual Conference in Hanover, Germany that year.

In his new position as Managing Director, China, Rex will oversee the day-to-day operations of 24/7 Media Asia's Mainland China business. He will be responsible for the implementation and execution of chinadotcom's integrated online advertising business strategies in Mainland China.

Mr. Peter Yip, Chief Executive Officer of chinadotcom and Chairman of 24/7 Media Asia, said, "Rex's solid experience in the Internet industry and his track record of success in Mainland China will help strengthen 24/7 Media Asia's presence in the market. I congratulate Rex on his promotion and I look forward to working with him to ensure that 24/7 Media Asia continues to capitalize on the many opportunities in the online advertising industry in Mainland China."


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 (The 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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