Hong Kong, June 14, 2000
New management structure set to reinforce leadership position in Asia Pacific
— chinadotcom corporation [NASDAQ: CHINA; Website: www.corp.china.com], the leading pan-Asian Internet company, today announced that Patrick Jonathan Wong, Managing Director for 24/7 Media Asia has left the company to pursue other career interests.
Recognizing the company's growing Asia-Pacific presence and to build on the company's position as Asia's leading online advertising and marketing network, the management of the company will now be built around three regional Managing Directors: Allan Hyde, Managing Director for South East Asia, Australia and New Zealand, Stuart Spiteri, Managing Director of Regional Operations & Business Development and Sandy Kwong, Managing Director for Greater China.
Commented Peter Hamilton, Chief Operating Officer and Chief Financial Officer of chinadotcom, "We wish Patrick well as he moves on to new career challenges and we thank him for the valuable contribution he has made to the business. 24/7 Media Asia has a strong management team across the region, which has enabled it to establish its dominant market position. The combination of Allan, Stuart and Sandy constitute unrivalled management expertise and experience and we look forward to continued impressive growth from the "Sell" component of our business model."
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 markets, including USA, 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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