Hans Lombardo

MyWeb Inc. announced that its Chinese-language TV portal has reached over one million daily page views following the launch of its advertising campaign in China. The campaign includes a combination of outdoor advertising, print advertising, Internet banner links, and the first television commercial for a TV portal in China. “We have secured our market leadership […]

A senior Chinese official has declared that foreign investment in China’s Internet sector is prohibited. China’s Minister of Information Industry, Wu Jichuan, said Monday that foreign companies would not be allowed to invest in Chinese Internet businesses, whether content providers or service providers, according to the Financial Times. Previously, China has banned foreign ownership of […]

Time Warner has set up a comprehensive Asia content site, called AsiaNow, by bringing together the resources of its three brands: CNN Interactive, Time and Asiaweek. The site provides users with Asian-focused news, business, entertainment, sports and travel channels. Observers believe that AsiaNow will excell by leveraging the resources and the following of the three […]

Despite closing down due to profit taking, four Hong Kong Internet-related companies have accounted for nearly 30 percent of the Hong Kong Stock Exchange’s turnover in the last two days. Pacific Century CyberWorks, China Online, Great Wall Technology and New World CyberBase were among the top five performers in yesterday’s session, the South China Morning […]

Hot on the heals of Netease.com, another of China’s largest portals, Sohu.com, has started auctioning computers to China’s Internet users. Sohu has partnered with Compaq Computer Corp. and Merchant Bank to sell Compaq PC’s online. The auction started yesterday. To bid on an item, users need to register their detailed personal information on Sohu. Buyers […]

Ad management technology provider AdForce Inc. Thursday announced the launch of its Asian operations. AdForce, which claims to serve 9 billion online ads monthly, indicated that it will use its ad management and delivery technology, through data centers in Hong Kong and Beijing, to serve ads in Hong Kong, China, Taiwan and Singapore. In addition […]

AT&T said Wednesday that it was implementing its acquisition of the IBM Global Network’s operations in Hong Kong, Korea and New Zealand. After completion of all acquisition phases, AT&T will have expanded its Internet service operations in 11 Asian markets. Approximately 350 employees are transferring to AT&T in Australia, China, India, Hong Kong, Japan, New […]

Regional venture capitalist AsiaTech Ventures is involved in another Internet play, a portal that focuses on English-speaking Asians called Click2Asia.com. The new portal will be jointly launched in October by KoreaLink.com, a Korean online community in North America, and the Asian Buying Consortium (ABC), an Internet membership based discount purchasing club which is also in […]

France Telecom announced that Sea-Me-We 3, the world’s longest submarine cable network, is commercially available. The European telecom giant was the initiator and one of the principal sponsors of the project, which was launched in 1997 by a consortium of 92 international telecommunications operators. The service launch covers segments linking Singapore to southern China, Australia […]

Calgary-based Zi Corp. announced that it has signed a licensing agreement with Sichuan New Tech Digital Equipment Co. Ltd.(Sichuan NTC) for Zi Corp.’s set-top box products in China. Sichuan NTC is a partner of the Research Institute of TV and Electro-Acoustics of the Ministry of Information Industries, another recent licensee of Zi technology. Zi Corp’s […]

Mitsui & Co., Ltd. has invested 150 million yen (US$1.35 million) in CyberCash K.K., a joint venture between CyberCash, Inc., Softbank Group, Omron Corp., Orix Corp. and several leading financial institutions. Mitsui, a gigantic global trading company, has been actively moving into the Internet scene which includes AOL Japan and the Curio-City Internet shopping portal. […]

Singapore-traded networking group Datacraft Asia has reported strong growth for the financial year. For the year ended 30 June 1999, the Datacraft Asia Group increased its profit to US$21.4 million, an increase of 40 percent over last financial year. The company’s revenue rose by 25 percent over last financial year to US$255.4 million and profit […]