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Technology Stocks : America On-Line (AOL)

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To: Sonny McWilliams who wrote (31689)9/28/1999 12:20:00 AM
From: puborectalis  Read Replies (1) of 41369
 


America Online to Offer H.K. Internet Service With
China.com

Bloomberg News
September 27, 1999, 8:02 p.m. PT

Hong Kong, Sept. 28 (Bloomberg) -- America Online Inc., the
world's biggest Internet service provider, teamed up with
China.com Corp., one of the few Asian Internet companies listed
on the Nasdaq, and China.com's affiliate China Internet Corp. to
launch an Internet service in Hong Kong called AOL Hong Kong.

The service is the second Asian Internet service offered by
Dulles, Virginia-based America Online, which already offers
service in Japan, and represents its first move into the Chinese-
language Internet market.

AOL Hong Kong has contracted with StarEastNet.com to provide
exclusive content to its service. The website www.stareastnet.com
is run by Star East Information Technology Corp., a unit of Hong
Kong-listed Star East Holdings Ltd.

Pacific Century Cyberworks Ltd., a company controlled by
Richard Li Tzar-kai, said it will buy a 20 percent stake in Star
East Information Technology.
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