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Technology Stocks : China.com Corp-(CHINA)

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To: $Mogul who wrote (439)	5/25/2000 9:18:00 AM
From: Sarkie	Read Replies (1) of 504

Chinadotcom CEO Says Co Cashed Up But Cautious ================================================================ By Owen Brown BEIJING -(Dow Jones)- Sitting on $560 million in cash, Chinadotcom chief executive Peter Yip jokes that he spends 80% of his time in the office saying no to capital-starved Internet entrepreneurs looking for seed money. The company's Jumpstart program seeks to identify web-based business ideas and provide capital and resources to develop them and ensure a sustainable business strategy. "We see about 100 business plans per month but we invest in one or two," Yip said during an interview with Dow Jones Newswires. "We are careful with our money." Companies have to not only have an idea but a well thought-out business model and a strong management team that "isn't just there for the hype, not just there trying to be a millionaire overnight," Yip said. And selecting the right business plan is even more crucial as Yip expects many of the fledgling China e-companies to be wiped out and only those with strong revenues able to withstand the looming consolidation. ================================================================

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