Hong Kong, September 19, 2000
OpportunityAsia Hong Kong's Success Builds Momentum for San Francisco and New York Forums
— OpportunityAsia, a series of interactive forums hosted by leading pan-Asian integrated Internet company chinadotcom corporation [NASDAQ: CHINA; Website: www.corp.china.com], opened in Hong Kong today to a packed audience of over 600 delegates. Organized around the theme of "Monetizing the Internet in Asia," OpportunityAsia attracted leading figures from the Internet, financial, and media industries.
An unprecedented forum in delegation and orientation, OpportunityAsia gathered together companies in competition with each other in the marketplace to share their insights and knowledge on how to further the Internet revolution in Asia.
The primary message that emerged from OpportunityAsia was clear. That as the Internet becomes ubiquitous in our lives, the companies that will survive and prosper will be those that can devise creative ways to use the Internet to not only help consumers find information, but also to provide a service that people believe add value to their lives.
A morning plenary session on "How Old Economy Companies are Moving Online" and "Attracting Finance in Asia" led to breakout sessions on interactive marketing, profitability of Internet companies in Asia, and the trend of media. One critical point raised was the increasing incidents and frequency of Old Economy companies seeking partnerships with New Economy companies, reaffirming the Internet sector's importance in major capital markets. "The Internet is not just electricity, it plays a critical role for a company's survival in today's business world," said Peter Hamilton, COO and CFO, chinadotcom corporation.
By virtue of chinadotcom's strong relationship with the Chinese government, a visiting delegation of seven senior Chinese government officials charged with oversight for the IT and Internet industries participated in the sessions. In one session, Mr. Chen Yanbin, Deputy Chairman of the Board of Directors of China Electronic Commerce Association offered his insights into the multiple opportunities for China and the outside world after China's entry into the WTO.
A three-city forum, OpportunityAsia moves on to San Francisco on September 26th and to New York on September 28th.
In its inaugural year, this dynamic interactive forum brings together New and Old Economy business leaders to share, learn and discuss how businesses in Asia are using the Internet profitably in today's turbulent marketplace.
In 1999, the global Internet economy and investor community have recently become cautious and critical, favoring only those companies with long term viability. Creating and sustaining value from the Internet in Asia is vital to the success of both New and Old Economy businesses alike.
OpportunityAsia is a window into the unlimited and untapped potential that is the Internet in Asia.
More information about the forums can be found at www.opportunityasia.net.
About chinadotcom corporation
chinadotcom corporation [NASDAQ: CHINA] is a leading pan-Asian integrated Internet company offering web solutions, portal and online marketing services. Through its three business units, chinadotcom provides 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 platform (china.com, cww.com, hongkong.com, and taiwan.com), and 3) sell services through online marketing (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, Trans Cosmos and Agence France Presse, chinadotcom is well-positioned to create long term shareholder value through its investments.
The company has offices across more than 10 markets, including Japan, Korea, Australia, Hong Kong, Taiwan, Singapore, Thailand, Malaysia, and the USA. For more information about chinadotcom corporation, please visit www.corp.china.com.
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