AsiaInfo Sells First Internet Data Center Billing Software to China Netcom.

Business Editors/High-Tech Writers

BEIJING & SANTA CLARA, Calif.--(BUSINESS WIRE)--Sept. 25, 2000

AsiaInfo Holdings, Inc. (Nasdaq:ASIA), a leading provider of Internet infrastructure solutions and software products in China, announced today that it will provide China NetCom (CNC) with brand new Internet Data Center (IDC) billing functionality through its leading AIOBS software platform.

The software will allow CNC to have a large billing capacity to support thousands of IDC users at a number of locations, as well as the flexibility to implement a differentiating pricing scheme, a service feature which has become critical for IDCs to remain competitive in the market.

Charleston Zheng, COO of China Netcom said: "With our high-speed network and customer-oriented service mentality, we are confident we will rapidly grow our Internet Data Center outsourcing business in the next few months. Our strategy is to eventually move up the value chain to include application outsourcing services into our existing service portfolio. AsiaInfo's billing software will undoubtedly help us achieve that goal."

Steve Zhang, Senior Vice President of Software at AsiaInfo commented: "The IDC market in China has emerged as an increasingly attractive sector. We are proud that AIOBS is the first billing software selected by commercial IDCs in China. Our products and solutions have been successfully deployed to meet our clients' expanding business requirements. Moving forward, AsiaInfo will continue to invest in R&D activities to enhance the quality and functionality of our software products in order to maintain the technology leadership in the Internet software market space."

About AsiaInfo Holdings, Inc.

AsiaInfo Holdings, Inc. (Nasdaq:ASIA) is a leading provider of Internet infrastructure, total solutions and software in China, one of the world's fastest growing Internet markets. The company offers telecommunications service providers in China total network solutions for their Internet infrastructure requirements and develops proprietary software for Internet service providers, Internet content providers and telecommunications service providers. The company's 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 also offers carrier-scale-messaging products to Internet service providers in China. Since it moved its operations from the US to China in 1995, AsiaInfo has served as a chief architect of China's Internet infrastructure. For more information about AsiaInfo, please visit http://www.asiainfo.com.

About China NetCom

China NetCom Corporation Ltd (CNC) was established with the support of the State Council and the Ministry of Information Industry. The founding shareholders are the Chinese Academy of Sciences, the State Administration of Radio, Film and Television, the Ministry of Railways and the Shanghai Municipal Government. CNC has been created to build a new generation of telecommunications infrastructure and to provide a full range of telecommunications services.

CNC represents a new generation of state-owned telecommunications enterprise in China. The Company has a high standard of corporate governance, with a clear delineation made between ownership and operation. CNC's management and employees share a common determination to achieve the Company's vision of building a telecommunications network for the next generation.

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.