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8/18/2000
Chinadotcom And Planet Payment® Partner to Serve Internet Merchants in China.
Planet Payment®, a leading provider of multi-currency Internet payment solutions, and Chinadotcom (NASDAQ: CHINA), a leading pan-Asian Internet company offering web solutions, portal and online advertising services, today announced an alliance to offer one-stop e-commerce payment related services to China's burgeoning e-commerce sector.
Under the terms of the Agreement, Planet Payment's superior multi-currency payment solution will be bundled with the robust e-business products offered by Chinadotcom. Chinadotcom has long been at the forefront of providing Internet and e-commerce solutions to the Chinese marketplace and has assisted the Chinese e-commerce initiatives of many global multi-national companies.
"Chinadotcom had been seeking the ability to offer a multi-currency payment mechanism to our clientele," says Mr. Shunao Zhou, the Chief China Officer of Chinadocom. "Our relationship with Planet Payment will complete our product offering by providing our clients with the payment technology and systems that they need in order to transact business effectively and globally on the web."
"This agreement continues Planet Payment's stated strategy to become the global leader in providing multi-currency Internet payment solutions to merchants, technology companies and financial institutions worldwide. Our alliance with a best-in-class company such as Chinadotcom will allow us to strengthen our position in the Asian marketplace by including our superior technology as part of a complete e-commerce solution to the sophisticated Chinese merchant that is looking to sell its goods or services on a global basis." says Philip Beck, Chief Executive Officer of Planet Payment.
About chinadotcom corporation
chinadotcom corporation (NASDAQ: CHINA; Website: www.corp.china.com) is a leading pan-Asian Internet company offering web solutions, portal and online advertising services. Through its three business units, chinadotcom is able to provide a full range of Internet services around the Asia Pacific region that; 1) build e-business strategies and solutions (Web Connection), 2) distribute content via its portal network (china.com, cww.com, hongkong.com, and taiwan.com), and 3) sell services through online advertising (24/7 Media Asia). The company has over 1,900 employees in 24 offices across more than 10 markets, including Japan, Korea, Australia, Hong Kong, Taiwan, Singapore, Malaysia, Thailand, and the USA. In Mainland China, the company has 12 offices and over 550 employees. For more information about chinadotcom corporation, please visit www.corp.china.com .
About Planet Payment
Planet Payment (www.planetpayment.com) is a global leader in providing multi-currency Internet payment solutions to merchants, technology companies and financial institutions worldwide. Planet Payment's affordable solutions enables Internet merchants to process transactions securely, in real time, 24 hours a day and in over 140 currencies and to accept Visa®, MasterCard®, American Express® and other major debit and credit cards. With the simple instructions for integration found at https://secure.planetpayment.com/docs), merchants can have full multi-currency capability for their Internet customers within minutes. The Planet Payment Gateway, powered by Authorize.Net, (www.authorizenet.com) is compatible with over 100 of the leading shopping cart technologies. For more information please visit http://www.planetpayment.com or contact Planet Payment at 212/980-5100 or by email at press@planetpayment.com.
Contact:
Chinadotcom
James Li
General Manager, esolution
Tel: 86.10.6505.7198
Fax: 86.10.6505.5982
jameslili@china.com
Jim Jiang
Account Director, the Web Connection
Tel: 86.10.8526.2525
Fax: 86.10.8526.2442
Jim.jiang@twc-bj.com
Planet Payment
Mitch Leventhal, Ph.D.
Managing Director, Asia Pacific Operations
Tel: 65.227.7891
Fax: 65.227.9178
mitchlev@planetpayment.com
Thomas DeLuca
Vice President, Business Development
Tel: 1.212.980.5100
Fax: 1.212.319.4880
tdeluca@planetpayment.com
Buchanan Communications
Darren Nesbeth / Tim Anderson
Tel.: + 44 (0) 20 7466 5000
Fax: + 44 (0) 20 7466 5000
darrenn@buchanan.uk.com
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