From the prospectus---> Recent developments.
.com:
Check this out.
Recent Developments:
'............Since January 1,1999 China.com has pursued its expansion
strategy through a series of acquisitions and alliances. Specifically,we have:
*formed a joint venture with e-Agency Inc., an Internet advertising
company in Japan.
*purchased the Web Solutions assets of LINC Media,Inc, a Web site design and development company in Japan
*acquired the e-mail advertising assets of CalendarOne Pte.Ltd, an Internet advertising company in Singapore.
*formed 24/7 Media Korea,Inc,an Internet advertising company for the Korean market,as a joint venture with Daum Communications Corp.,an Internet company in Korea;
*acquired a minority interest,together with an option to acquiring all
remaining interests upon the occurrence of certain events,in Pacific Connections Ltd, a Hong Kong based Web Solutions company; and
*formed a joint venture with CMC Magnetics Corp, a Taiwanese manufacturer of compact discs,to develop and operate our www.taiwan.com portal site.
We have also completed private placement financing since Jan 1,1999 totaling $42 million in net proceeds.Consistent with past practice, we intend to continue our strategy of building our brand and expanding our market presence through additional acquisitions and joint ventures using the proceeds of this offering,the private placement and the sale of our 24/7 Media shares......
........
'The Internet's projected potential in China & Asia
*98.7 million Internet users by 2003
*33.4% compounded annual growth in Internet users for 1998 through 2003.
*130 million PCs installed by 2003.....'
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