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=167==DAYS=TO=ELECTION======: WED.MAY,000524 :============================ 15-17| China Internet Reception Chase Conf Ctr , 55 Water Fl 13 . $25 . RSVP |15:23| AABDC : Sponsering China Delegation CharlesEdelman moderator : | cable telecom , isps merging , LinYu : China regs : PNTR Bill w pass . Exit stratigy . Low PC penetration - e-commerce soon . Current legal environment . Foreign restricted . not allowed in Telecom . PRC practices : ISP investment prohibited . wholesale & retail highly restricted . Lots of approvals required . Advertising License for banner , Security , People`s Central Bank maintians monopoly on e-commerce . Currency not yet fully convertable . Need to consider currany risks . Tax breaks , use eg Cayman Islands . Frustrating buracracies . Court enforcement and execution CTAC more experience in business disputes . Infrastructure least restricted . ChinaChinaForeigner not allowed in Telecom , tolerated in ISPs . CooperativeJointVentues . China moving to WTO standards of transparnecy & openness . Internet mkt promising if legal hurdles surmounted . |15:46| CharlesEdelman : waiting on trade vote , EU agreement open Telecom mkts over next 5 yrs . Mobile Telephony . leader in mobileTeleInternet access . EU deal very mkt opening . China Unicom w France , Siemans , Ital . Trend of inet ww | IP telephony growing .3 % y . 98 1M , 10M this yr , 60M by 2005 . 1.2B$ by Eo00 . ChinaTelecom - local & long dist 26B$US registered capital , ChinaUnicom GSM & CDMA 6B$US , Jitong IP tel , , ChinaNetcom IP tel established `99 Ministry of Railways provides right of ways , ChinaMobile | Buying > $1B worth of switching fabrics , etc . Net Performance in/out of China : Slow . Nokia making investment in Bejing Industrial Park . Bell Labs 3 joint Labs w Jing Kwa U . Israel dominant suppler of IP billing systems . ECI WirelessApplicationProtocol tek from EU . IP over DWDM . Gov still sets rates . call < China now 1.8$ % min . Cable Cos busy . acquiring ISPs . ASPs : salesforce , supply chain mngt . When they reach threshold where they want to buy US co , then their cap mkt will have to open . Gov has control over IPOs . |16:10| GreigCelek China.com - started w 5 people in `95 . Professional Svcs . Integrated service co , not ISP . New Yorkers nicer than HongKong . dialup Users 14M , doubling every 6 mo . much higher than in US . China.com first on NASDAQ . Local info & language . e-commerce | gartner , forester say 6m , by 2003 , 36M . 2-3 yrs to build e-commerce | Pirated IP won`t sell on web . How Pay . Bank Payments interprovince can take 6weeks . Double byte . name value . Cosmetics high demand - once can arange payment . Internet Cafes acting as payment intermediary . HongKong & Tiwan thru 7/11 cash transfers . Foreign : Toys-are--Us all EDS . Lot of dumb money in Spring buying little ideas . Ideas good , but must be part of pkg . Busness & Mkting w win day - multiple rev streams . Just had 1st profitable picture. Forecast : Partly coudy . Happy that are only licensed vender in their mkt . Integrated investment & Operationg Company . Similar to CMJ Investlab . |16:29| KayKiU ( w xlator ) : ChinaRent.net , fact I`m here @ Wall St illustrates Internet speed . Mankind in Electronic breaking down barriers . Rental industry . .3 of west GDP [ so he means Leasing ! ] . Rental mkt size only .01 US .02 Japan . Policy to develop western region . WTO opening . GoldenCoast ChinaRent , Information , Chainstore , Electronic rental industry , | 10B$ , 200 business . Realestate focused website . Also services : office space for small , mid business . Use Capital Mkt , IPOs , |16:46| KennethFerril : 1st Westerner `96 Shaumin , had to dial long distance to develop website . PNTR : VirtualChina.com . We really don`t know much about china at all . no credit for advancments . Publishing opening . 100B$ exchange last yr . Barriers : Language : CocaCola : co ka co la : bite wax tadpole | White associated w death . | Launched 99/10 . Regulatory environment rocky : Jan anounce : encryption of any kind must be registered & supply backdoor . Delayed Win2000 for several months . Now regs scaled down to small segment . CNET thru NASD not own China Company . Short term is very very risky . will be swings in regulation . NYTimes eg , blocked . 100 websites blocked New censorship bureau . even sports sites censored . Government wants to get online itself . Net Bejing dial single number . Correction in NASDAQ - companies were growing on expectation of IPO growth cash . Lawyer-Users looking to do business w China . |17:4| JohnAllen Greater China Fund : WarrenBuffet : invest in the seasons , not in the weather . Near term tough times | Tek expanding fine . More tvs than telephones . 20M cellular users . Lucent bought Single frequency packet system from Chinese guy . Inovation . Fashion.com Postal system good , payment so bad found market of ex-pats using credit cards outside of China for delivery of products into . .63 parents worried about childern tek education . Career after Government - Internet Entrepreneur . Minister of Info : China wants to control . Short term Political upheaval . HongKong great Financial Reserves . Returning Ex-pat scholars . Social uncertainty . Expect some very very rough waters . VCs winnowing 9%10 planned projects . 1) Control Your piece Yourself . 2) Invest in known - HongKong partners . Clearly leader in China investment - ahead of Singapore . Returning Chinese community will be greatest long range catalyst for change Are you going today ? Yes , but not today . Yes , we are all going to make a lot of money in China Internet , but not today . |17:21| CE : vertical markets . dealing w all the IT dealers around the world . Chinese Gov knows it has to adopt . If not current leaders , their successors . |17:23| Qs : WebTV connection ? Singapore Intereactive | BB less than 12$ more than dialup in HongKong , still < 130k households . 5-10 yr play . WAP rather than Coax . EC : need back office Apps in place . ERP . CC : some China Merchant banks being very aggressive - even v CitiBank . Check clearing Central Bank working on Satilite system . Debit cards . Bill in front of People`s Congress : Telecom bill & Investment bill . regulations never came up because of EU and US objection . Minister very tough portecting China Telecom monopoy . Not allowed to do News on internet . KF : give what they`ve done in last 30 years , lot of entrepreural inovation CE : China w China major change JA : Talent w go to strong comanies leaving colapsing corp shells . |17:43| House just passed PNTR .
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