| 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
|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
"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)