| Business Summary | | Xin
Net
Corp.
is
an
Internet
service
company
in
China,
through
its
joint
venture
with
Xin
Hai
Technology
Development
Ltd.
The
joint
venture
company
is
called
Placer
Technologies
Corp.
Presently,
Xin
Hai
is
the
fifth
largest
ISP
company
in
Beijing
and
the
third
largest
ISP
company
in
Shenyang.
It
is
one
of
only
a
handful
of
privately
owned
Internet
service
companies
in
China.
The
Company
does
not
have
any
other
operations
besides
its
investment
in,
and
the
services
it
provides
through,
the
Placer
joint
venture.
The
core
business
is
to
act
as
a
co-venturer
to
supply
Internet
services
in
China
by
covering
the
major
cities
through
the
Placer
joint
venture
with
operating
partner
Xin
Hai.
Businesses
include
ISP,
home-page
portal,
Internet
advertising,
domain
name
registration,
e-commerce
and
other
value-added
services. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Xin
Net
Corp.
is
a
supplier
of
internet
services
in
China,
covering
the
major
cities
through
its
operating
partner
Xin
Hai.
Businesses
include
ISP,
e-commerce,
internet
advertising
and
other
value-added
services.
For
the
six
months
ended
6/30/01,
revenues
totalled
$1.5
million,
up
from
$683
thousand.
Net
loss
from
continuing
operations
fell
3%
to
$809
thousand.
Results
reflect
increased
domain
name
registration
fees,
offset
by
increased
salaries,
wages
and
benefits. | More
from
Market Guide: Significant
Developments |
| | | S.Y. Marc
Hung,
Pres. Ernest
Cheung,
Secy. | More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|