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Non-Tech : CAOL: The Chinese AOL and Internet Lottery -- Ignore unavailable to you. Want to Upgrade?

To: Dave Gore who wrote (605)	7/22/1999 1:42:00 PM
From: The_Ice_Man	Read Replies (2) \| Respond to of 720

Dave, Thanks for your help ... Ice

To: Dave Gore who wrote (605)	7/26/1999 10:45:00 AM
From: herry iball	Read Replies (1) \| Respond to of 720

For those who question China's e-commerce potential, There have been posts both here and at RB questioning how much e-commerce there can be in China since the perception is that the Chinese aren't able to purchase goods or services due to a lack of (or desire to) own credit cards. Quote from an article in Forbes: (http://www.forbes.com/tool/html/99/Jul/0723/mu3.htm) "On second glance, however, maybe OpenTV isn't tilting at windmills as much as it would appear. According to VISA International, since it started issuing cards in China in 1994, the company expects to reach 100 million cards in China by the end of 2000. (Of that number, approximately 50 million will be debit cards.) The credit card company believes that there is potential to tap an even greater percentage of the Chinese market" 100 million seems like a nice number. Also keep in mind that this is 100 million FAMILIES, since very few Chinese have more than 1 credit card per family unlike in the U.S. where each of us have, oh, about 328 credit cards per individual? :)