Hong Kong, September 21, 2000
"OpportunityAsia" - the First Major Public Forum to Consider the Effects of the US Senate Approval of PNTR for China
— chinadotcom corporation [NASDAQ: CHINA; Website: www.corp.china.com], today announced that a series of forums focused on monetizing the Internet in Asia, called OpportunityAsia, will be moving to San Francisco on September 26 and to New York on September 28 following the sell-out opening forum in Hong Kong earlier this week. The forums, presented in association with Lehman Brothers, with Asiaweek, FORTUNE and TIME as official media partners and supported by IBM and United Airlines, the central theme of OpportunityAsia will be the impact of PNTR and China's likely accession to the WTO on the development of the Internet and e-commerce in China and the Asia Pacific region.
Commented Dr. Raymond Ch'ien, Chairman, chinadotcom corporation, "The OpportunityAsia series of forums comes at a historic time for all of us involved in building the Internet industry in China and Asia. As the world's third largest economy, after the US and Japan, and with a population of 1.3 billion people eager to embrace the new economy, China is poised to be a formidable force as it takes center stage in the global marketplace. But there are still many uncertainties on the road ahead for the Internet and for e-commerce in China. Credit card usage is low, fulfillment systems immature, government legislation is still being formulated and a new online population has yet to gain the familiarity with the Internet to make strong immediate e-commerce revenues a likelihood. Debating these issues will be central to OpportunityAsia and we are delighted to be hosting these forums at such a timely moment."
At the Hong Kong OpportunityAsia forum, a "who's who" of the Internet players in China and Asia debated some key PNTR-related themes - how trading between China and its markets will be affected, regionally and globally; how companies will benefit from the opening up of one of the world's largest consumer markets; and what the prospects are for China's own e-commerce explosion. For the San Francisco and New York OpportunityAsia forums, the focus will shift to consider how US companies will benefit from PNTR and how it will help them to capitalize on the huge opportunities that the Internet in China and Asia present.
By virtue of chinadotcom's relationship with the Chinese government, a visiting delegation of seven senior Chinese government officials charged with oversight for the IT and Internet industries will participate in the San Francisco and New York forums as they did in the Hong Kong forum. In one session during OpporunityAsia Hong Kong, 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.
OpportunityAsia uses an interactive format, which encourages open and forthright dialogue between the panelists who will be debating Asian Internet related issues and the audience. Speeches are kept to a minimum in order to ensure that those participating in the forums get to hear answers to the questions they see as most important.
In San Francsisco and in New York, the forums will benefit from the active involvement of Internet and other business leaders from both sides of the Pacific. Seasoned experts and "on the ground" leaders such as Tim Hampson, Vice President, International Marketing, Interwoven and Michael Mulica, Senior Vice President, Worldwide Sales and Consulting, Phone.com will debate the potential and future of m-commerce and e-commerce in Asia. While Navin Chugh, Vice President, Business Development, VerticalNet Solutions and Guy Egger, Business Unit Executive, WWWeb Integrators, IBM will explore the opportunities and barriers of online exchanges and electronic marketplaces.
The San Francisco forum on September 26 will be held at the Sony Metreon in the city's Yerba Buena Gardens. The New York forum on September 28, which will take place at the Global Community Sandbox in Manhattan.
Applications for attendance at the forums can be made by accessing the registration page at www.opportunityasia.net
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.
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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