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Technology Stocks : China.com Corp-(CHINA) -- Ignore unavailable to you. Want to Upgrade?

To: donkeyman who wrote (286)	7/15/1999 5:13:00 PM
From: RealMuLan	Respond to of 504

Here are some news about Internet in China. chinadaily.com.cn chinadaily.com.cn chinadaily.com.cn chinadaily.com.cn bridge.org cnnic.net.cn There are over 100 ISPs in China, FWIW

To: donkeyman who wrote (286)	7/15/1999 5:51:00 PM
From: Mary Cluney	Respond to of 504

donkeyman,>>>can anyone confirm China.Com has 350,000 subscribers, 30 million shares outstanding, about 5 million shares in the float, and their valuation is about US$1.8 billion (30 million x US$60.00/sh) <<< After the IPO, there are ~20M shares outstanding @ $55.00 (todays close) with about 4.2 million shares in the float. Market cap is ~ US$1.1 billion. WRT the China market, according to Intel, China will be the second largest PC market after the United States in the year 2000!! Right now, they are five years behind the US in Internet access. Remember, Bill Gates never went on the Internet, personally, until 1994. Mary

To: donkeyman who wrote (286)	7/15/1999 10:54:00 PM
From: Mohan Marette	Read Replies (1) \| Respond to of 504

News from the East-->AOL & China.com, what's up with that??? Published on Tuesday, June 15, 1999 BUSINESS America Online in China.com purchase before shares debut YVONNE CHAN -------------------------------------------------------------------------------- United States internet giant America Online (AOL) has bought a 10 per cent stake in China.com Corp - majority owned by New World Infrastructure - just days ahead of its US$50 million listing on Nasdaq. The deal highlights AOL's regional expansion strategy and follows an existing agreement with China.com affiliate company, China Internet Corp, to launch an Internet service in Hong Kong later this year. The acquisition provides AOL with a potential springboard into the mainland, according to internet analyst Pete Hitchen, of IDC Market Research. "AOL is making a lot of effort to move into the Asia Pacific market. "We are going to see increasing [incidences] of AOL buying stock in companies with a presence in Hong Kong but with ambition to move into the mainland market as well." As a shareholder, AOL will add weight and credibility to China.com's share listing, Mr Hitchen said. "The attraction of the very young stock is going to be very high because they will have AOL as an owner. This is despite the fact that it is worth relatively little." New World Infrastructure last week boosted its stake in China.com from 12 to more than 20 per cent, making it the majority shareholder. Xinhua is also a shareholder in China.com, although the size of its stake has not been disclosed. Lehman Brothers Holdings is arranging China.com's Nasdaq listing, with approval for the proposed sale from US regulators expected to come this week. China.com runs the bilingual Web sites china.com, hongkong.com and taiwan.com. It earned US$10 million in revenue last year, earned mostly from internet advertisements. China.com also operates on-line advertising company 24/7 Asia, as well as the Web Connection - a Web-site design firm. China Internet - which runs the mainland Internet information service, China Wide Web - has been linked to rumours of a possible Nasdaq listing since 1997. However, China Internet attracted controversy because of its majority owner, Xinhua, and its failed joint venture with US Internet company PointCast. Some industry observers believe China Internet will use China.com as an investment vehicle instead. technologypost.com