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For Immediate Release
November 7th, 2000 - TOM.COM LIMITED ("TOM,COM" or "TOM"; stock code: 8001), announced today that it has entered into strategic partnership with leading Greater China-financial ASP, China Markets Limited ("CN-Markets - E-finet.com" or "CN-Markets") to deliver multi-media financial information services.
The relationship enfolds a cooperation on a number of fronts. First, CN-Markets, through its proprietary Financial Information Feeds (FIF) services, will reinforce TOM.COM's finance channel with CN-Market's proprietary content and expertise in application services. The partnership will strengthen TOM's edge in the provision of customized, unique, and high-quality financial information to its users - CN-Markets' content feed to TOM will be unveiled in December this year.
"It is our ongoing commitment to provide our users with the best contents and services in each of our verticals. Leveraging CN-Markets' content and experiences in application services, we are confident that it will add to our distinct competitive edge over competing portals and contribute to the growth of our page views and visitors," says Michelle Leung, TOM.COM's Chief Operating Officer and Executive Director.
Additionally, TOM and CN-Markets will co-produce cutting edge multimedia financial content for TOM and their joint clients. Says CN-Markets Managing Director Peter Yu, "the initiative will utilize the latest technologies of web-casting video, audio, graphic and text. The partnership is a perfect fit whereby TOM will be contributing to the product its expertise and experiences with multi-media techniques while CN-Markets will fill in with its proven high quality financial content. The partnership will bring forth complementary benefits to both TOM and CN-Markets, enriching each others' multimedia content. We are proud to have the opportunity to work with such an esteemed partner as TOM.COM".
The cooperation will also expand opportunities beyond portal to co-hosting seminars and events as well as the co-production of online web-casting of selective events. The partnership allows both companies to employ each other's expertise and aggregated customer base to achieve the broadest reach to users.
ABOUT TOM.COM
Founded in October 1999 and an associate of Hutchison Whampoa Limited, TOM.COM LIMITED is a joint venture formed by Hutchison Whampoa Limited, Cheung Kong (Holdings) Limited and other strategic investors. The Company was listed on the Growth Enterprise Market (GEM) of the Stock Exchange of Hong Kong in March 2000. Targeted at Chinese-speaking and global audiences to "Bring China to the World and the World to China", TOM.COM LIMITED is building a multi-lingual mega portal to offer the most comprehensive China-related infotainment content. Headquartered in Hong Kong, TOM.COM has established strong presence in Beijing and Shanghai.
TOM.COM can be found on the Web at WWW.TOM.COM.
ABOUT CHINA MARKETS
China Markets Limited ("CN-Markets" or the "Group") is a Greater China-focused financial applications service provider (ASP) providing stock market content and information-related software and applications solutions to corporate clients seeking to deploy and improve their use of the Internet to provide more efficient and cost-effective value-added information services to their retail clients. The Group operates under three strategic business units: (1) the Financial Media Unit which includes the CN-Markets Express, Hong Kong's only evening financial express newspaper and the E-finet.com website, a leading Asian financial portal with comprehensive live market information and analyses; (2) the Financial Technology Services Unit, which currently operates two services: (a) the proprietary Financial Information Feeds ("FIF") service which provides content and applications solutions to help empower the websites and Intranets of online brokers, banks, and portal operators; and (b) the Financial Market Express ("FME") service - an interactive JAVA-based market watch financial watch application which services the real-time financial information needs of active online traders and brokers; and (3) the Insight Advisory Services Limited Unit which offers high quality, proprietary financial research products. Major clients include major brokerage firms and banks including TD Waterhouse, Hutchison DLJ Direct, Standard Chartered Bank, East Asia Securities, Australian Commonwealth Bank, Hong Kong Chinese Bank, Dao Hang Bank, Shanghai Commercial Bank, Wing Hang Bank, Wing Lung Bank, Henyep Securities, Utrade.com.hk, Core Pacific Yamaichi, Lippo Securities, and SE Global, and portals including Lycosasia, Yahoo!, AOL, Sina.com, Asia-links Media.
The Group has entered into strategic alliances with major international and local information providers and software companies, such as PR Newswire, Barra Global Estimates, Chinaonline, Tom.com, Microsoft MSN, and i21 Limited.
The shareholders of CN-Markets include Reader's Digest, GE Equity, and PR Newswire. Reader's Digest is an online financial services and strategic e-commerce partner while PR Newswire is a major strategic content distribution partner of CN- Markets.
For press enquiries:
TOM.COM LIMITED
Rachel Chan
Tel: 2121-7810
Fax: 2127-7576
Email: rachelc@hk.tom.com
Website: http://www.tom.com
CN-Markets - E-finet.com
Kelly Chan or Jeannette Ma
Tel: 2110-3690
Fax: 2110-0186
Email: kelly@finet.com.hk; jeannette@finet.com.hk
Website: http://www.e-finet.com
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