chinadotcom Acquires a Majority Stake in OpusOne Technologies

Investment will increase chinadotcom's high margin, recurrent revenue streams through an expanded IP portfolio targeting Mainland China

chinadotcom corporation (NASDAQ: CHINA; Website: www.corp.china.com), the leading integrated Internet company in Asia, today announced the acquisition of a majority stake in OpusOne Technologies International Inc. (OpusOne), a leading developer of the OpusOne Power Suite of business management software solutions for state enterprises and multi-national corporations in Greater China.

One of the leading products developed by OpusOne is OpusOne PowerHRP, a Human Resources & Payroll Management software solution first introduced to the market in January 1998. This proprietary software is localized for the Mainland China market with a simplified Chinese interface and meets the various tax, statutory benefits and administrative requirements of different Mainland China provinces as well as Hong Kong. This high flexibility combined with its cost-efficiency has helped OpusOne PowerHRP garner a leading market share and brand recognition among numerous companies operating in Mainland China. Installation has been completed in over 350 sites throughout Mainland China and Hong Kong. Multi-national and Mainland China domestic customers include Swire Beverages, Carrefour, ACNielsen, Shanghai GM, Shenzhen Airlines, Legend Computer, Inventec Micro Electronics Shanghai, Shanghai Unicharm, SH SIIC South Pacific Hotel and Aventis Crop Science Hangzhou as highlighted on OpusOne's website.

"We are very pleased to announce the acquisition of a significant stake in OpusOne," said Peter Yip, Chief Executive Officer of chinadotcom corporation. "The company has met all of our key investment requirements and we see significant synergies and opportunities being created. As one of the leading developers of business software solutions in Mainland China, OpusOne will allow us to further strengthen our position and pursue our strategy of capitalizing on demands by international and local enterprises in Mainland China looking for technology solutions to automate their business processes in order to remain competitive following China's entry into the WTO."

This investment will complement and serve to further expand chinadotcom's existing portfolio of proprietary software solutions catering particularly for the Greater China market. In the fourth quarter last year, chinadotcom's e-solution arm, e2e e-Business Solutions in partnership with Sun Microsystems, established a Software Development Center (SDC) in Beijing to develop web-based end-to-end solutions and other enterprise applications for SMEs and multi-national corporations. In addition, chinadotcom continues to gain momentum with expresso, a web-based customer relationship e-mail fulfillment, tracking, reporting and data-mining application developed by MEZZO Marketing, and PowerHotel, an online application catering to the hotel industry in Greater China.

Steve Collins, Chief Executive Officer of OpusOne Technologies International Inc., said, "The investment by chinadotcom is a great opportunity for us as it provides the platform to continue with our long term goal of becoming one of the best software development and service companies in Greater China. chinadotcom will add significant value with regards to strategic initiatives, business development and provide us with growth opportunities throughout the Asia Pacific region."

"We anticipate that this acquisition should accelerate our path to operational profitability. In addition, the company's solid base of recurrent and high margin revenues should improve the quality of our revenue streams as we expand our IP base," said Daniel Widdicombe, Chief Financial Officer of chinadotcom corporation. "We will continue to actively pursue similar acquisition opportunities with the aim of generating long-term value to our shareholders."

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About chinadotcom corporation

chinadotcom corporation (NASDAQ: CHINA; Website: www.corp.china.com) is a leading integrated Internet company offering e-business solutions, media assets and e-marketing services. Through its three-dimensional business model, chinadotcom provides a full range of Internet services around the world that: 1) build e-business strategies and solutions (chinadotcom e-solutions), 2) distribute content via its media assets (chinadotcom media assets), and 3) sell services through online marketing (chinadotcom e-marketing).

The company and its subsidiaries have offices in 10 markets - Japan, Korea, Australia, Mainland China, Hong Kong, Taiwan, Singapore, Malaysia, the UK and the US. For more information about chinadotcom corporation, please visit www.corp.china.com

About OpusOne Technologies International Inc.

OpusOne Technologies International Inc., with operations in Shanghai, Beijing, Guangzhou and Hong Kong, is a developer and distributor of business management software solutions for mid-size enterprises. OpusOne has developed the proprietary branded OpusOne Power Suite of software applications including OpusOne Human Resources & Payroll Management (HRP) and OpusOne PowerBooks Financial Management solutions. OpusOne also provides distribution and services for world-class mid-market ERP and Business Intelligence software systems. For more information about OpusOne, please visit www.platinumchina.com

Safe Harbor Statement

This press release includes certain "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. These statements are based on chinadotcom management's current expectations and are subject to risks and uncertainties and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein. All forward-looking statements included in this press release are based upon information available to chinadotcom as of the date of the press release, and it assumes no obligation to update or alter its forward looking statements whether as a result of new information, future events or otherwise. Further information on risks or other factors that could affect chinadotcom's results of operations is detailed in its filings with the United States Securities and Exchange Commission, including the Annual Report for the year ended December 31, 2000 on Form 20-F filed on May 10, 2001.

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