Salomon Smith Barney Report completes major Bulge Bracket Coverage Of chinadotcom corporation

Salomon Coverage Coincides One Year Anniversary of chinadotcom IPO


Hong Kong, July 13, 2000 — chinadotcom corporation {NASDAQ: CHINA; Website: www.corp.china.com} today announced that Salomon Smith Barney's research report of the company has completed coverage from the major US "Bulge Bracket" banks; Goldman Sachs, Lehman Brothers, Merrill Lynch, Morgan Stanley and Salomon Smith Barney themselves.

The Salomon report comes on the first anniversary of the company's highly successful IPO on July 13th 1999. The company was the first Internet company from Greater China to list on the NASDAQ market.

Other than the major U S "Bulge Bracket" banks , other leading investment banks including ABN AMRO, Bear Stearns, Credit Lyonnais, Jardine Fleming and SG Securities are already covering chinadotcom.

"This has been an incredible twelve month s for us" commented Peter Yip, Chief Executive Officer of chinadotcom corporation. "A year ago, at the time of our IPO we were 285 people strong. Now we have a team of nearly 2,000 professionals in 10 markets. Our unique "Build, Distribute, Sell" business model has enabled us to derive multiple revenue streams from what are currently the most lucrative markets in Asia-Pacific including Japan, Korea, Australia, Hong Kong, Taiwan, Singapore, and US. At the same time we have been building a strong presence in Mainland China - where we now have over 550 people

- which is set to become the world's largest Internet market in a few years time. Revenues have grown rapidly over each quarter since we became a public company and our last quarter's results showed an increase of 84% over the previous quarter. Combine that to increasing gross margins, improving EBITDA and a balance sheet of over US$500 million and you have many of the reasons why we continue to lead the way in Asia. We are well on the path to profitability. Coverage of us by the major Bulge Bracket firms and other leading investment banks is testimony to our stature in the Internet industry in this region"

Said L. Brooks Entwistle, Co Head of Asian High Technology Group and Head of Asian Internet Investment Banking at Goldman Sachs, "chinadotcom continues to flawlessly execute its integrated Internet business model across the Asia Pacific region."


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 nearly 2,000 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

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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