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Stock Watch: China.com Climbs on Expansion News

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Stock Watch: China.com Climbs on Expansion News

By Andy Wang
E-Commerce Times
Part of the ECT News Network
12/15/99 12:00 AM PT


Shares of Internet services/portal company China.com (Nasdaq: CHINA) climbed nearly 23 percent on Tuesday, gaining 18-3/16 to 98-1/8 after the company announced that it is expanding its presence in Taiwan.

China.com announced the creation of e-Direct Corporation, a joint venture with Taiwan-based Accton Technology Corporation. The new company will be based in Taipei and provide news, e-commerce and direct marketing services. China.com will own 60 percent of the company.

China.com, which split its stock 2-for-1 after the markets closed on Monday, continued to see its stock rise in early trading today. Shares of China.com were up 1-7/8 to 100.

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