Shanghai Surprise: AsiaWired, Inc. to Open the Door to China's Vast Supply of Talent.

Business Editors

SANTA CLARA, Calif.--(BUSINESS WIRE)--July 17, 2000

AsiaWired, Inc. today announced a new alliance with the China Shanghai Personal Resource Market. The new alliance, to be called "The Shanghai Silicon Valley e-Talent Exchange," will offer a talent matching and message exchange, as well as venture capital management and funding consultation. The resource market is a division of the Shanghai Personnel Bureau, which is the Chinese government department responsible for placing collegiate level personnel. Their service covers all of China and has more than 22,000 clients and a yearly growth rate of about 10,000.

"This alliance helps the exchange of talent and venture capital," Max Huang, CEO of AsiaWired, Inc., said. "For instance, if an American company wants to open a branch in China, or a Chinese company wants to move into Silicon Valley, then AsiaWired can facilitate the relationship."

In the near future, the China Shanghai Personal Resource Market will set up a career service company called the Shanghai Gaoten Talent Consultant, Inc. with AsiaWired Inc. Once China enters into the World Trade Organization, this company will represent the first sino-foreign joint venture company in China. The company will provide professional placement, intelligence development, technology co-sharing, project investment and development.

"According to the Joint Venture Survey Company, there will be more than 200,000 job openings in Silicon Valley by the year 2010," said Wendy Liu, Vice President of the AsiaWired Silicon Valley e-Talent Exchange Network. "And I believe that this lack of personnel will become more serious in the future. Our exchange network can help to solve this problem by building a personal exchange bridge between these two locations."

Sean Yao, Vice President of AsiaWired's Venture Capital and Startups Exchange Network adds that "A 1999 report from the Shanghai Human Resources Department said that there were about 108 million collegiate level graduates in Shanghai last year. Our alliance can help access all of these people, thereby creating a new and exciting exchange of business and venture capital between the United States and China."

About AsiaWired, Inc.

AsiaWired, Inc., www.AsiaWired.com, founded in 1996, is a leading Asia Pacific Infomediary for Investors, Entrepreneurs, and Professionals, providing the world's first bilingual, transnational VC-Startup Exchange Network. AsiaWired, Inc.'s headquarters are located in Santa Clara, USA. In addition to offices in the major American cities, AsiaWired, Inc. is also building branches in other Asian Silicon Valleys. AsiaWired, Inc.'s team comes from high-tech, banking, and communications backgrounds, working for such companies as IBM, Xerox, National Semiconductor, Lockheed Missiles & Space Company, Bank of America, Wells Fargo Bank, Dun & Bradstreet, The World Journal, CTN, and the United Daily News, The Gap Inc., and from Ricoh Corp.

For more information or to schedule an interview with Max Huang, CEO, please contact Ben Cathcart at 415.351.2227.