Hong Kong, July 7, 2000
Part of chinadotcom's Dual-pronged WAP Strategy of Collaboration with Mobile Phones Manufacturers and Operators to Capitalize on Growing Wireless Market
— chinadotcom corporation (NASDAQ: CHINA; Website: www.corp.china.com) has entered into an agreement with Siemens Shanghai Mobile Communication Ltd. to provide Siemens' Wireless Application Protocol (WAP) phone customers in China with access to chinadotcom's portal network. Demonstrating its continued commitment to developing the rapidly growing WAP market in China, chinadotcom will link its portal network to Siemens mobile handsets through wap.china.com. Similation is now available on two dedicated websites, wap4U.china.com and wap4U.hongkong.com, for china.com and hongkong.com users respectively.
Access to chinadotcom's leading portals for mobile users is now possible anywhere, anytime, via a Siemens' WAP-enabled phone, empowering mobile users to easily access and interact with chinadotcom's online information and services. wap.china.com includes information (news, stock quotes, weather, sports), emergency (car rescue, emergency call), interactive community (email, chatroom, poll and auction) for China WAP users, and leisure (horoscope, city guide - movie, restaurant and bar info, travel package and search) and interactive community products (email, mobile icq, poll and chatroom) for Hong Kong WAP users.
The wap.china.com access point has been specifically designed by chinadotcom corporation's technical team to optimise information displayed on mobile phones. Beginning mid July, this access point will be linked directly through Siemens mobile handset models 3518i and 3568i and all other upcoming models of WAP-enabled phones. The combination of multiple access choice with the latest technology and applications will reinforce chinadotcom's position as the fastest-growing amongst China's five leading portals.
"The WAP market has high potential for growth in China, where mobile phone adoption is accelerating very rapidly. By entering the market early via agreements with leading mobile phone manufacturers like Siemens, we are well positioned to be the portal network destination of choice, offering content and services independent of time and place. chinadotcom has a dual-pronged strategy by partnering with leading mobile phone manufacturers and operators to capitalize on the potential of the WAP and the wireless market. The wireless revolution is well on its way in China and will change the nature of Internet access. WAP is only the beginning, and chinadotcom intends to be leading the way and we look forward to announcing more wireless-related developments in coming weeks", said Peter Yip, Chief Executive Officer of chinadotcom corporation.
"Siemens has been able to achieve a leadership position in the China mobile communications market. We are committed to expand and deepen our penetration into this important market through quality mobile phone products and value-added services. Convergence of information and communications and the fusion of Internet and mobility are becoming a new mega trend. Through partnership with leading content provider chinadotcom, we hope to offer more value-added services and strengthen the WAP applications of Siemens WAP phones to benefit our customers," said Mr. Daniel Sham, Vice President of Siemens Shanghai Mobile Communications.
Analysts and market research firms agree that the mobile phone will be the most pervasive method of accessing the Internet by as early as 2002. The global mobile phone penetration is expected to reach 1 billion by Q3 2002 and 1.87 billion by 2004. IDC also predicts that by mid-2001 all mobile phones shipped globally will be WAP-enabled. The mobile phone will also become the standard device for consumer e-commerce transactions. Mobile phone penetration in China is currently estimated to be in excess of 60 million users and expected to reach 180 million by 2002.
chinadotcom was an early player in the wireless market. Anticipating the explosive growth of the wireless internet access market, chinadotcom previously invested in WAP development company infoisLIVE.com, whose innovative WAP technology enabled chinadotcom to provide mobile access to its portal network for China and Hong Kong users. Other chinadotcom efforts to enable the growth of the wireless community include the development of a planned a Wireless Business Unit (WBU), a center of excellence for development and implementation of wireless technology, applications and initiatives to be set-up later this year.
The strategic alliance with Siemens propels chinadotcom's rich and compelling content to an ever larger segment of the wireless community. Recent upgrades to chinadotcom's technology platform have facilitated the rapid growth of users of its community and commerce platform, which include more than twelve '4U' products such as WAP4U, Points4U, Mail4U, Search4U, Home4U, and Auction4U. Other products and services to be rolled out in the near future include Business4U, Space4U, and Profile4U, all made possible in part because of chinadotcom's scalable technology platform underpinning its entire portal network.
Said Ed Hsu, Chief Technology Officer of chinadotcom corporation, "Our forward looking technology features enable us to place our portal network's content and services on all WAP-enabled phone handsets in China. We are the only Internet company in China that has this capability."
About chinadotcom corporation
chinadotcom corporation (NASDAQ: CHINA; Website: www.corp.china.com) 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 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, Trans Cosmos and Agence France Presse, chinadotcom is well positioned to create long term shareholder value through its investments.
The company has over 1,900 employees in 24 offices across more than 10 markets, including Japan, Korea, Australia, Hong Kong, Taiwan, Singapore, Malaysia, Thailand, and the USA. In Mainland China, the company has 12 offices and over 550 employees. For more information about chinadotcom corporation, please visit www.corp.china.com
About Siemens Shanghai Mobile Communications Ltd.
Established in May 1993, Siemens Shanghai Mobile Communication Ltd. (SSMC), is jointly invested by Siemens Ltd. China, Shanghai Video and Audio Electronic Co. Ltd., the Shanghai Post and Tele-communications Administration and the MPT's First Research Institute. SSMC, as one of the key joint ventures in Chinese telecommunications industry, was the first joint venture in China in the fields of development, manufacture, sales and services of GSM mobile communications. The company is the only mobile phone production base of Siemens outside Germany, supplying products to China and other Asian markets. SSMC was accredited ISO9002 quality assurance certification in January 2000.
SSMC has an extensive regional sales network in China with distribution agents and after-sales service centers in various provinces and major cities.
Safe Harbor Statement
The statements in this news release, other than the historical financial information, may contain forward-looking statements that involve risks and uncertainties that could cause actual results to differ from anticipated results. Further information on risk factors that could affect chinadotcom corporation's results of operations is detailed in chinadotcom corporation's registration statements and annual report, as filed with the United States Securities and Exchange Commission.
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