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Microcap & Penny Stocks : MSU CORP-----MUCP

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To: Bert Zed who wrote (2440)	1/28/1999 12:36:00 PM
From: Charles A. King	Read Replies (2) of 6180

Chinese e-commerce site reports profit Copyright © 1999 Nando Media Copyright © 1999 Agence France-Press BEIJING (January 28, 1999 9:20 a.m. EST nandotimes.com) - An e-commerce site serving China's growing numbers of Internet users announced a small profit for 1998 on Thursday and said it had a record one million page views in January. "We've hit several milestones over the past year, but this one really bodes well for the future of the site," said Steve Chiu, director of sales and marketing at Zhaopin.com, a bilingual recruitment Web site. He predicted the one million page views per month would increase sharply in March as white collar workers looked for new employment after getting their Lunar New Year bonus at the end of February. "We had a big boost in traffic last March, largely as a result of growing awareness of Internet recruitment amongst Chinese who work for foreign enterprises on the mainland," Chiu added. China's Internet market is expected to grow from 2.1 million users to nearly 10 million in the next four years, even though only one in 240 people owns a personal computer. Most Internet operators, especially those engaged in electronic commerce, complain the market is too small to turn a profit at this stage. nandotimes.com

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