WEBCC and HiChina establish Memorandum of Understanding (MOU) for Strategic Partnership [March 18, 2005]

WEBCC to support the development of secondary domain name market and Pay-Per-Click (PPC) business and deployment of latest hosting software for new hosting services to HiChina.

BEIJING — HiChina Web Solutions (Beijing) Limited (HiChina) and Web Commerce Communications Limited (WEBCC) reached an agreement in a Memorandum of Understanding (MOU) to jointly further strengthen their long-term strategic partnerships to bring innovative technology infrastructure to the Chinese Internet community.

According to the MOU, WEBCC, in cooperation with its partners SEDO GmbH and SWsoft Inc, will assist the development of HiChina in the areas of secondary domain name market, Pay-Per-Click (PPC) and innovative hosting plan such as Virtual Private Server (VPS).

The development of secondary domain name market and Pay-Per-Click (PPC) is a collaboration that enables HiChina to access the vast marketplace to SEDO, the worldwide largest trading platform of domain names to offer to its customers in China. The MOU covers HiChina intention to deploy the leading technology and hosting software from SWsoft, namely Plesk, Virtuozzo, HSPcomplete and PEM, to accelerate HiChina product innovation and operational efficiency.

The MOU carries the investment commitment of about Yuan Renminbi 10 million over 5 years by HiChina to enhance its technology development and product portfolio to ensure greater customer satisfaction.

In conjunction with WEBCC Hoster Conference Beijing 2005, Mr Tim Schumacher, CEO of SEDO GmbH, and Mr Soeren von Varchmin, Managing Director European and Asian Operations, SWsoft Inc, together participated in the MOU signing ceremony in China. Mr Stan Zhang, CEO and President of HiChina and Mr TK Tan, CEO of WEBCC, signed the MOU in Beijing.

In the signing ceremony, Mr Stan Zhang said, “China’s online population has grown rapidly in recent years, this strategic partnership with WEBCC enable us to create a vigorous environment and growth in the Internet industry. WEBCC empower HiChina with its technology and dedicated support to propel forward in providing variety of value added services to the end customers globally.”

TK Tan, CEO of WEBCC, said, “WEBCC has been consistent with its goal to be Technology Partner of service providers in mainland China. This MOU is a significant milestone as the synergy of strengths among market leaders. With HiChina’s brand, reputation and strong customer relationship, I am confident that the Internet users will soon to adopt these leading trends of technology and innovation”.

Today, WEBCC has over 700 resellers in over 30 countries.