CHICAGO, Sept. 25 /PRNewswire/ -- ChinaOnline, a venture-funded startup,
participated in the Illinois Venture Capital Conference and presented its
business plan for review on September 24 in Chicago.
ChinaOnline (http://www.chinaonline.com) keeps up with the fast-paced business
changes in China's market and government by providing essential business news
and critical analysis -- delivered daily via the Internet. What distinguishes
ChinaOnline from other information providers is the authenticity of its
sources and the reliability of its expert commentators. The service provides
information based on more than 80 Chinese print and electronic media sources,
specialists on the ground in China, and experts in the U.S.
Several trends indicate that ChinaOnline is positioned to become the
premier provider of information on China. Corporations have demonstrated a
strong need for reliable, credible information on China, the world's second
largest economy. The advent of the Internet has provided a timely,
cost-effective distribution method. And, China has demonstrated a new
willingness to distribute information and create transparency.
Corporations, governmental organizations, academic institutions, news
aggregators, financial institutions, and law and accounting firms are
potential customers for the service. Revenues will be derived from
subscriptions, advertising, and royalties from news aggregators.
ChinaOnline delivers general business and economic news, updates of 19
industries, such as telecommunications, information technology, consumer
products, and automotive. It also provides biographies of key government and
business officials, organization charts of Chinese industries, maps detailing
almost three dozen locations, and statistics on the country.
ChinaOnline is being spearheaded by personnel with in-depth experience in
media and China: CEO, Lyric M. Hughes, a well-known Asia expert and the first
person to bring the Super Bowl to China; Managing Editor, John Thomson, former
chief of press operations for the U.S. Information Agency in Washington, D.C.
and China. ChinaOnline's board of directors includes David Hale, chief
economist at Zurich Kemper Investment and Dean Henry Perritt of Chicago-Kent
College of Law, an expert on Internet and the law. Ark Capital Management of
Chicago provided the initial round of investment.
The ChinaOnline Web site was launched on April 20, 1998. The company
signed a contract to provide a daily news feed to Reuters on September 1,
1998.
ChinaOnline is a Chicago-based company. For more information, visit the
ChinaOnline Web site (http://www.chinaonline.com), call 312-335-8881 or fax
312-335-9299.
SOURCE ChinaOnline
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Related links:
http://www.chinaonline.com
CONTACT:
Lyric M. Hughes, CEO, or Ann Joachim,
Marketing Director, both of ChinaOnline, 312-335-8881, Fax,
312-335-9299
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