RealTime IT News Posts US$2.2 Million Loss In Q2 Corp., the Hong Kong firm that manages a portal network for Greater China, reported a US$2.2 million net loss for the second quarter. executives explain that loss comes from its expansionist moves leading up to its initial public offering last month on the NASDAQ. reported US$ 2.4 million in total revenues for the second quarter, a 50 percent increase over total revenues of US$ 1.6 million for the first quarter and a 174 percent increase over total revenues of US$ 881,000 for same quarter last year.

"This is our first earnings announcement as a public company, and we are extremely pleased with the company's results," said Peter Yip,'s CEO. "We experienced impressive growth in revenue and page views in our advertising and e-business solutions."

According to, the average daily page views on its portal network for the month of July, 1999 increased to 1.3 million, a 30 percent increase over average page views of 1 million a day in June.

Page views from the 24/7 Asia network, for which has a license, allegedly grew to more than 30 million daily page views. Additionally, the company says that the number of affiliates of 24/7 Asia increased to 175 at July 31, 1999.