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(Japanese Site)

  • China Internet, CyberSource Partner on E-Commerce in Asia
  • June 26, 1998 (BOSTON) -- Hong Kong-based China Internet Corp. and U .S.-based CyberSource Corp. announced a strategic partnership to introduce electronic commerce technology to China, Hong Kong and Asia.
    The partnership agreement will deliver leading electronic commerce services to Internet merchants in China, Hong Kong and Asia, providing secure multi-currency transaction processing, global rights and territory management and electronic software delivery services through China Internet.

    To service Chinese and Asian clients, California-based CyberSource will establish a Hong Kong data center by the end of 1998. The two companies will collaborate on electronic commerce implementation, with China Internet providing localized sales, marketing and support operations for their clientele.

    The agreement will also enable China Internet to use CyberSource's secure electronic software delivery and transaction processing technology as part of the ongoing development of its National Center for Electronic Software Download (NCESD).

    The NCESD is a multi-million U.S. dollar project adopting the latest electronic and secured software download technology, to build a national center covering 200 cities across China and Hong Kong for the electronic distribution of software.

    CyberSource will provide the technical platform for the NCESD scheme , enabling electronic Internet commerce and delivering an effective means of secured software distribution in China and Hong Kong for technology publishers.

    "CyberSource has established itself as a world-class provider of back-office electronic commerce services for leading Internet companies including Netscape Communications Corp., America Online Inc., Microsoft Corp. and IBM Corp.," said China Internet's vice president of business and product development Vicky Hung.

    She added that the partnership also delivers the electronic commerce enabling technology that will help China Internet serve commercial clients in China and Asia and help them to achieve commercial success on the World Wide Web as they compete in today's 24 hour-a -day global marketplace.

    Tony Bates, executive vice president and general manager of international operations at CyberSource, said the Internet provides organizations throughout the region with an unparalleled opportunity to effectively expand their commercial operations around the world.

    "China Internet is a leading force in realizing the development of Internet technology development in China and Asia, and we are delighted to contribute our technologies and services that already underpin many of the world's most successful online electronic commerce systems," he said.

    CyberSource is a global provider of Internet transaction processing and electronic services. More than 250 major software publishers, distributors and resellers are CyberSource customers. The CyberSource suite of electronic commerce services are optimized for the delivery of digital products.

    China Internet owns the premier Internet portals for Greater China. Its flagship Web site, China.com, is the focus for Internet content , community and commerce in Greater China. Providing essential information in both Chinese and English, China.com is capable of reaching both the international and Chinese communities in China through its China distribution network China Wide Web (CWW).

    Based in the Chinese language, CWW provides its business subscribers in China access to an exclusive database of essential Chinese business news and information, Web sites of international companies and a global email service.

    China Internet has forged a key partnership with China Telecom, as a result of which CWW is available across more than 200 cities in China, and is supported by strategic alliances with the world's leading news and information companies including, Bloomberg, Agence France Presse, MSNBC, Dun and Bradstreet, Xinhua News, Nikkei, Thomson and The Financial Times.

    China Internet also has strategic relationships with America Online, Netscape and Network Solutions Inc.

    (Lori Valigra, Asia BizTech Correspondent)

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    Updated: Thu Jun 25 15:26:57 1998