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Home > Company Index > Media > Internet & Online Content Providers > TOM.COM Limited

TOM.COM Limited
 NEWS FROM THE STANDARD
Scramble for Net Partners in China
Jun 08 2001 09:50 AM PDT

 PROFILE
It seems like every TOM.COM, Dick, and Harry is starting an Internet company. TOM.COM has built several portal Web sites targeting audiences in mainland China, Hong Kong, and Taiwan. The sites feature a variety of content, some tailored for non-Chinese-speakers, including news, sports, and lifestyle content. Since going public early in 2000 (which nearly caused a riot among investors clamoring for shares), the company has laid off employees to cut costs and acquired offline media companies to boost revenue. TOM.COM is controlled by real estate development giant Cheung Kong (16%) and industrial conglomerate Hutchison Whampoa (32%), both of which are controlled by Hong Kong tycoon Li Ka-shing.

 COMPETITION
Netease.com, Inc. (NTESE)
Sohu.com Inc. (SOHU)
chinadotcom corporation (CHINA)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 11.40
1-Yr. Sales Growth: 2,643.1%

 KEY PEOPLE
• Sing Wang
    CEO
• Don Lee
    CFO

 CONTACT INFO
48th Floor, The Center
, Hong Kong
Phone: 852-212-7838
Fax: 852-218-7711
Online: Web Site

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