AsiaInfo's Wireless Network Acceleration Software Wins First Contract from Shanxi Mobile; New Product Fuels Company's Continous Growth.

Business Editors/High-Tech Writers

BEIJING/SANTA CLARA, Calif.--(BUSINESS WIRE)--January 7, 2002

AsiaInfo Holdings, Inc. (Nasdaq:ASIA), a leading provider of telecom network integration and software solutions in China, today announced that it has signed a contract to provide Shanxi Mobile, a provincial subsidiary of China Mobile, with its newly developed network optimization software, AIVelosurf.

This contract marks the first win for AIVelosurf, an additional new product launched by AsiaInfo in late 2001 and designed to accelerate data transmission via wireless data networks. Thanks to the breadth and depth of the product features, AsiaInfo was chosen for the project over two leading international vendors. With embedded data compressing technology, AIVelosurf is able to speed up narrow-band network access by two to six times and support carriers-scale capacity.

Developed entirely in-house using proprietary technology, AIVelosurf is designed to address bandwidth bottlenecks at the "last mile" of a 2.5G network and requires minimal customization efforts. By offering applications that demand high-speed data transmission, carriers are able to generate new revenue streams from existing wireless data infrastructure without much additional investment, long before 3G networks reach maturity.

"AsiaInfo's product strategy is once again endorsed by the market and the success of our new software further demonstrates that our research and development team is highly innovative and customer-driven," said Steve Zhang, senior vice president and general manager of Software Products at AsiaInfo. "It is clear that carriers have increased their investment in software solutions that optimize networks, reduce cost and increase revenue. As one of the largest telecom software providers in China, AsiaInfo will continue to respond to customer needs with high quality software solutions."

About AsiaInfo Holdings, Inc.

AsiaInfo Holdings, Inc. (Nasdaq:ASIA) is a leading provider of telecom network integration and software solutions in China.

Its customer management and billing software products meet the complex, mission-critical provisioning, accounting, reporting and marketing needs of Internet and telecommunications service providers. The company's convergent software suite also includes carrier-scale messaging and network management products. AsiaInfo constructs backbones, provincial and access networks for China's telecom carriers while providing high-end network solutions including operations support, network management and security, and service applications.

Registered in Delaware, AsiaInfo has served as a chief architect of China's Internet infrastructure since 1995, crafting Internet backbones for all the major national carriers including China Telecom, China Mobile, China Unicom, and China Netcom.

For more information about AsiaInfo, please visit http://www.asiainfo.com.

The statements in this news release contain forward-looking statements that involve risks and uncertainties that could cause actual results to differ from anticipated results. Further information on risk factors that could affect AsiaInfo's results of operation are detailed in AsiaInfo's registration statement, as filed with the Securities and Exchange Commission. A copy of the registration statement, including exhibits, may be reviewed at the Commission's public reference room at Judiciary Plaza, 450 Fifth Street, N.W., Washington, D.C. 20549. The registration statement and other company filings can also be reviewed by accessing the Commission's Internet site at http://www.sec.gov, which contains reports, proxy and information statements and other information regarding registrants that file electronically with the Commission.