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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: marketmover who wrote (11259)	7/12/1999 11:00:00 AM
From: cabernetfranck	Respond to of 108040

CAOL had a 2nd NR today . CathayOnline Acquires TorchMail.com, Inc. Business Editors/High-Tech Writers According to a recent Strategis Group and BDA China study, China is the fastest-growing Internet market in Asia. By the end of this year, more than 6.7 million people in China will have Internet access. The report estimates that more than 33 million people in China will have Internet access by 2003. CathayOnline views this acquisition as a significant step in expanding it's presence in the Chinese Internet market. CathayOnline has acquired 100% of TorchMail.com, Inc. This company will be based in Chengdu, capital city of the Sichuan province.