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To: John Rieman who wrote (48135)	1/6/2000 11:00:00 AM
From: BillyG	Respond to of 50808

Beijing Software Firm Expands into DVD Market January 6, 2000 (BEIJING) -- Beijing-based Tsinghua Tongfang Co., Ltd., a high-tech firm specializing in Internet services and software products, is entering the competitive DVD market. The move heralds Tongfang's entry into the production of consumer electronic products in the coming years, said Zhang Zhicheng, general manager of the company. Previously, the company focused its business on investment-oriented products, such as the development of discs and application software. The disc center merged with Tongfang in 1997 and was transferred into a subsidiary of the company, infusing fresh capital to Tongfang's disc production. Tongfang will use advanced DVD-related technologies developed by the center while adjusting its production to the current global trends. It plans to turn out 500,000 DVD players in 2000. About 300,000 players will appear in the domestic market beginning this month, along with 500 new disc programs. The remaining 200,000 players will be sold overseas. Apeks International Corp. of the United States has ordered 150,000 players from Tongfang for sale in the United States. In 1999, the company earned RMB1.6 billion (US$192 million) from sales, swelling its total asset volume to RMB3 billion. (Xinhua News Agency) nikkeibp.asiabiztech.com