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(ii) PDA<br />

BUSINESS<br />

Since March 2000, we have been providing users of Palm Pilots with selected articles from<br />

The Business Times daily at 3.00 a.m. This service was extended to The Straits Times in early<br />

May 2000. We plan to work with PDA manufacturers to serve more of our content and services<br />

through a wider range of PDAs.<br />

(iii) Broadband<br />

We will work with Fantastic, through FantasticOne, to provide our content, community and<br />

commerce products and services through broadband networks. FantasticOne will focus on mass<br />

market content by offering one-stop solution to media producers, and to media distributors<br />

operating data broadcast networks enabled by Fantastic. FantasticOne will operate in the<br />

broadband/convergence market throughout Asia-Pacific, focusing on content over satellite, cable,<br />

ADSL and mobile networks.<br />

We plan to integrate vertically by investing in businesses that offer content, technology, distribution<br />

capabilities as well as marketing, e-commerce, and cross-promotional opportunities through joint<br />

ventures, strategic alliances and investments. Save for the investments mentioned in the “Business –<br />

Joint Ventures, Strategic Alliances and Investments” section of this Prospectus, we have not made<br />

other similar investments as at the date of this Prospectus.<br />

We plan to expand our presence geographically in the region and China, as well as to build our<br />

brand names internationally. To this end, we intend to enter into joint ventures with (i) established<br />

local partners in each of the various countries who have strong presence in their own countries and<br />

who have a good understanding of the indigenous social and cultural needs as well as consumption<br />

pattern in the respective countries, and (ii) partners with the content and/or proven know how and<br />

who are ready to penetrate the Asian market. We will, for example, develop and raise the profile of<br />

Zaobao.com in China in partnership with local Chinese parties.<br />

Singapore will be our operational headquarters and base where we develop, test and launch new<br />

products and services. Once proven, we will export such products and services to our overseas<br />

ventures. We will also provide technological and functional support to our overseas ventures from<br />

Singapore.<br />

We intend to provide all the necessary support to our overseas ventures when they are in the<br />

infancy stage. However, our long term goal is to develop these ventures into operationally and<br />

financially independent, autonomous businesses. In this light, it is the intention to list the various<br />

joint venture companies separately on internationally recognised stock exchanges soonest practicable.<br />

81

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