Business Summary Hartcourt is involved in Internet joint ventures in Asia to facilitate the expansion of China's first commercial e-trade financial network and wireless Internet Service Provider services. Hartcourt has set as its goal to create the premiere financial portal in the Chinese market by building a network of Internet companies in partnership with Chinese entrepreneurs as well as government owned entities. Its mission is to become one of the leading Internet companies in Asia. With a a vision to create the premier financial portal and financial information technology service provider in Asia
Hartcourt's business goal for the next three years is to complete a series of IPOs focused on four main divisions: 1. Sinobull…China’s premier financial portal including online trading platform, market news and data…due to IPO 2nd quarter 2001 2. Streaming Asia… streaming content and Web hosting group in Hong Kong... Due to IPO April 2001 3. Hartcourt Capital… Online transactions group including online banking and insurance 4. Broadband infrastructure group… China online and Innostar
1. Sinobull.com joint venture Sinobull is a financial services provider/portal focusing on online trading, financial information and market data. Sinobull’s revenue base encompasses advertising, licensing, online trading provider, vertical and horizontal content agreements. SinoBull.com will provide investors throughout Mainland China the resources of trading equities/futures/options online, gather extensive financial research information, real time quotes, message boards and a future planned financial cable TV network .Sinobull is a strategic partner in China Telecom's new campaign to obtain 10 Million new ISP subscribers by the end of 2001. Sinobull’s main subsidiaries are UAC, FTL, Guo Moa, Shangdi and their associated subsidiaries…listed below… Website: http://www.sinobull.com/ Organizational chart: http://www.hartcourt.com/i/sinobull-chart.htm
UAC Online… operates the first and only nationwide licensed online trading network in mainland China, connecting investors with their stock brokerage offices via ChinaPAC; China telecom’s nationwide secure 162 packet switched private network through computer, Legends “Stock Easy” set top boxes, and Palm PDA’s… Also UAC has developed the "Pocket 162, a wireless Application Protocol ("WAP") enabled hand-held device, which offers anywhere, anytime wireless Internet access. http://www.hartcourt.com/i/pressrelease090999.htm National License: http://www.hartcourt.com/i/pressrelease103099.htm Website: http://www.162stock.com/index-English.htm
China Telecom-Beijing and UAC Jointly launched the new wireless stock trading system. The wireless stock trading system is based on China Telecom's enhanced Cellular Digital Packet Data (CDPD) network, which is currently serving six major cities in China, including Beijing, Shanghai, Guangzhou, Shenzhen, Xiamen, and Changsha. The solution is the first system allowing individual end users to access the Internet and execute secure stock trades over a wireless device connected to China Telecom's CDPD network. http://www.hartcourt.com/i/pressrelease110700.htm
Financial Telecom Ltd... is a financial databank providing real-time stock quotes and other information of Hong Kong listed-companies to institutional and retail investors. FTL has been in business for 16 years and had HK $16.6 million in revenues in 1998. New SinoBull Wireless Product Offers Anywhere-Anytime Personal Financial Data and Trade Executions to Mobile Investors. Financial Telecom's joint venture with Hong Kong-based Asia Paging Networks has a network of 83 transmitters in Hong Kong that are used to operate a data paging service in Hong Kong. Subscription to the new service is $20 per month/ 1million annual revenue to receive personal and real time financial data as well as the ability to access trades executed in Hong Kong markets http://www.hartcourt.com/i/pressrelease082599.htm http://www.hartcourt.com/i/pressrelease100500.htm Website: http://www.asianetvest.com.hk/
Gou Mao of Shanghai … Specializes in futures, indices and commodities data, which will complement the financial information database of Hua Xia Info, and the financial delivery systems of FinTel. a strategic alliance agreement to form a joint development partnership with a China's top tier Nokia distributor, Shanghai Industry Foreign Trade Telecom Corporation (SIFTT) The multi-year joint development effort will offer Chinese mobile users new Nokia handsets and wireless data terminal products integrated with Shanghai Guo Mao's leading financial content. http://www.hartcourt.com/i/pressrelease122899.htm http://www.hartcourt.com/i/pressrelease061200.htm Website: http://www.radiocompu.com/
Shangdi Network of Beijing… is one of three owners of Hua Xia Info, the financial data and media arm of Hua Xia Securities, the second largest brokerage firm in China. Through this relationship, SinoBull will obtain coverage and promotion from Hua Xia Info's cable TV financial channel, similar to Bloomberg TV. Hua Xia Securities will provide the brokerage house to process online stock trades http://www.hartcourt.com/i/pressrelease121999.htm
Microsoft strategic alliance calls for UAC and Microsoft (China) to offer turn-key E-Finance solutions on a revenue sharing basis and to engage in cooperative efforts relating to product development, marketing, sales and service throughout China. Both parties will utilize their respective technology and marketing expertise to provide advanced comprehensive solutions and technical services to clients within China's financial industry including Windows NT based solutions, Pocket PC networks, and wireless stock trading platforms. Microsoft (China) Co., Ltd. is the China unit of Microsoft Corporation. http://www.hartcourt.com/i/pressrelease121400.htm
IBM The agreement entitles SinoBull Financial Group to integrate IBM's best available software technology into SinoBull's e-solutions for the banking and securities industry in China. The partnership was structured to assist SinoBull's efforts in delivering greater value to its customers, including proven ways to cut costs, speed up business processes and software development, and increase productivity for e-finance applications. Under the partnership arrangement, SinoBull will receive IBM partnership benefits including free trainings and technical support in China. IBM will help SinoBull to choose from more than 3,000 products and components for redistribution, resale and repackaging. These are open standards-based, ready-to-use, high-quality software technologies, components, sub-products and packaged products that SinoBull can embed, integrate, preload or bundle with its own products. http://biz.yahoo.com/prnews/010104/ca_hrct_ib.html
Windinfo: HRCT to acquire a controlling interest in the leading provider of financial research and news in China. Hartcourt, and its subsidiary, the SinoBull Group, would provide capital and marketing assistance to further expand WindInfo's market share in conventional media while gaining control of valuable content for the SinoBull E-Finance platform and portal SinoBull.com. WindInfo is China's #1 Financial Research Content provider, developing original content through its nationwide network. http://www.hartcourt.com/i/pressrelease080100.htm Website: http://www.wind.com.cn/
ThinkersGroup.com partnership provides a comprehensive, secure, cost-effective, reliable, easy to adopt, deploy and manage, Chinese web-to- wireless solution for any small to large enterprise. ThinkersGroup will set up their ThinkAccess(TM) wireless e-mail and ThinkMotion(TM) Chinese language web-to-wireless service to allow Hartcourt to offer this service to their existing and prospective customers in Greater China StreamingAsia, Hartcourt subsidiaries Financial Telecom Ltd., UAC Stock Exchange Online Ltd., SinoBull Financial Information (Guo Mao) Wind Information Co. Ltd. and SinoBull Networks (Shangdi) are intending to use the ThinkersGroup platform of services to deliver financial content to their new and existing customers starting in June 2001. http://www.hartcourt.com/i/pressrelease010901.htm http://biz.yahoo.com/bw/001102/ny_thinker.html website: http://www.thinkersgroup.com/index.html
Sinobull Content Provider Agreements Yahoo-China SinoBull Group has licensed to Yahoo! Holdings global non-exclusive rights to deliver proprietary SinoBull content over the Internet or any wireless or electronic format delivering Yahoo! Media. The agreement defines a fee-based and advertising profit sharing arrangement between Yahoo! Holdings and SinoBull from those content pages containing the SinoBull trademark or logo. http://www.hartcourt.com/i/pressrelease061500.htm
ChinaInfo Hartcourt and its media subsidiaries formed a marketing alliance with ChinaInfo involving content developed by SinoBull distributed to the millions of readers reached by ChinaInfo's information industry network. In addition, both management teams have agreed to work together in identifying and pursuing future opportunities in China's developing telecommunications industry, Internet services, e-commerce applications and broadband content businesses. http://www.hartcourt.com/i/pressrelease081700.htm
China Peoples Daily Shanghai Guo Mao will provide financial content, including daily market index charts and currency charts, to International Finance News for its "International Currency" and "Stock Market" sections. http://www.hartcourt.com/i/pressrelease062600.htm
Securities Daily Sinobull has developed a media content alliance with "Securities Daily" (Jinrong Shibao, also known as Financial News), the leading banking and investment industry newspaper in China. Under the terms of the alliance, the SinoBull Group will provide financial content, including special sections for securities in "Hot Market" Sectors and those dealing with Information Technologies. http://www.hartcourt.com/i/pressrelease071200.htm
Other Legend computer Through joint development with Hua Xia Securities, Legend will produce inexpensive cable TV set top boxes for those investors wanting the ease of online trading, but without computer use. Legend is the largest manufacturer of computers in Mainland China, and the "Stock Easy" set top box will showcase the Sinobull Financial Portal. Website: http://www.legend-holdings.com/
2. StreamingAsia.com… Leading Internet Broadcaster who provides comprehensive audio and video delivery over Streaming solutions to businesses, professionals, organizations, web site owners and content publishers. Our powerful network infrastructure enables us to stream superior-quality multimedia advertising, live event broadcasting and on-demand audio and video contents over the Internet to target web-enabled audiences all over the world. http://www.hartcourt.com/i/pressrelease120799.htm Website http://www.streamingasia.com/web/htm/index.htm Streaming Asia customer list http://www.streamingasia.com/web/htm/clients_en.htm
Beijing Total Solution System, Ltd. TSS was the first Chinese company of its kind to provide hi-tech solutions for web-casting and the elivery of on-demand streaming audio and video. Its products and services are well known and used throughout China by various high-profile clients. http://www.hartcourt.com/i/pressrelease092800.htm Website: www.tss.com.cn
Davnet Limited StreamingAsia and Davnet form alliance to sell video streaming broadcasting solutions in ASIA. StreamingAsia products powered by Davnet's high-speed, broadband telecommunications services will enable business users to enjoy the efficiencies and increased productivity of real-time and pre-recorded multipoint multimedia broadcasting over the Internet. The leading international provider of IP (Internet Protocol)-based network solutions that will allow business users in Hong Kong and Singapore to create and use their own video streaming solutions. http://www.streamingasia.com/web/htm/pop_p12a00_en.htm web page: http://www.davnet.com.hk/
eTVonline.tv SA initiated service to a new enterprise that was developed by a joint venture of Radio Television Hong Kong (RTHK) and the local Education Department. In addition to producing educational programs for classroom students, RTHK will now distribute VCDs of popular programs and has launched a new website, eTVonline.tv, enabling global netizens to enjoy over 700 archived video programs anytime anywhere. http://biz.yahoo.com/prnews/001207/ca_hartcou.html Website: www.eTVonline.tv
3. Hartcourt Capital Inc The target is to built a leading Online-financial transaction company in China. Hartcourt Capital's focus is to develop and operate online financial services such as online banking, online insurance, online brokerage, online lending etc. ... The new entity is already involved in negotiations to purchase a financial services company in Hong Kong to use as the model platform for more acquisitions and joint ventures in Greater China. http://www.hartcourt.com/i/pressrelease080400.htm
Koffman Securities Ltd… HRCT will acquire a 30% interest…KSL's financial services include stock brokering, futures trading, derivatives and investment banking, information technology, direct investment and venture capital. KSL is a member of the Hong Kong Stock Exchange, operating under a dealer's license issued by the Securities and Futures Commission http://www.hartcourt.com/i/pressrelease081400.htm
4. Broadband infrastructure
Elephant Talk/ETNS HRCT acquires 51% of Elephant Talk, a brand-name provider of long-distance telecom services in China and Hong Kong. The shareholders of Elephant Talk are also joint venture partners with China Huandao Group in the ETNS project in China. The joint venture has acquired a fiber optic network measuring 8,307 kilometers that runs through the economic heartland of eastern China (PRC) and has obtained a nation-wide ISP and IP phone license in China to provide network services over this extensive backbone. ETNS is expanding the global coverage of its network by developing a next generation of strategically located, fault-tolerant facilities -- Internet eXchange Centers (IXC) for network and facilities outsourcing. ETNS now has IXCs in Hong Kong, Shenzhen, Guangzhou, Shanghai and Beijing. http://biz.yahoo.com/prnews/010124/ca_hartcou.html website: www.elephanttalk.com www.etns.net
China Online The Hartcourt Companies Inc. reached an agreement in principal to joint venture with Shenzhen Rayes Group to acquire 25% controlling interest in China Online the largest privately owned ISP in China. The agreement calls for Hartcourt to support COL's new business strategy and implementation plans, including broadband Internet infrastructure developments. COL currently has 105 wholly owned or joint-ventured subsidiaries covering all major provinces and cities in The Peoples Republic of China (China). Since its inception in 1994, COL and these subsidiaries have developed more than 80 COL-branded portals with localized content. At present, the ISP business of COL has more than 240,000 customers. http://www.hartcourt.com/i/pressrelease061900.htm Websites: http://www.col.com.cn http://www.bj.col.com.cn/
Family Broadband Networks Ltd Hartcourt signed a stock purchase agreement to acquire up to 40% of the equity of @Family Broadband Networks Ltd., the first fiber-based broadband internet service provider being set up by ChinaCityNet Ltd. @Family Broadband Networks is an extension of the services currently being delivered by @Family Shanghai Broadband ISP (www.shanghaifamily.net) http://www.hartcourt.com/i/pressrelease103000.htm
Other Relationships and Acquisitions: SCIC Sichuan China Integrated Cable Network Co. Ltd. (SCIC) is the newest of HRCT’s joint venture investments. In combination with Shenzhen Sinlan Investment Co, SCIC will use the exclusive TV cable network in the capital city of Chengdu, Sichuan province to synergize Sinobull and Innostar. http://www.hartcourt.com/i/pressrelease022900.htm
Management: http://www.hartcourt.com/i/management.htm Dr. Alan Phan: Chairman Hartcourt companies Dr. Charlie Q. Yang: CEO HRCT Allan S.S. Yuen: CEO Sinobull Simon Shi Zhang: CEO UAC Stephen Tang: CEO FTL Mr. Duc Duong: CTO HRCT Mr. Manu Ohri: CFO HRCT Jack Westfield: CEO of Hartcourt Capital, Inc. Mr. Frederic Cohn: Director and Vice President HRCT Zhao Chunjun: Board of Directors
► Press Releases! The Hartcourt Companies, Inc.
Due to the great number of PRs I have removed the html links for most. The titles remain to spark your interest and possibly cause you to perform a search on the various news wires and learn more of Hartcourt. These articles also appear on the company's website at
Other headlines this year 01/19: Hartcourt Subsidiary Launches New Enterprises Management Software SalesNet and Timekeeper 2001 01/11: StreamingAsia Webcasts ASPWorld Conference & Expo Hong Kong; ASPWorld Is Premier Industry Event For U.S. And Asian ASP Marketplace 01/09: Hartcourt Named Exclusive Distributor of ThinkAccess(TM) Wireless E-mail for China 01/08: Hartcourt Investors and Analysts Complete Historical Due Diligence Trip To China 01/04: Hartcourt Subsidiary and IBM Form Software Partnership in China
2000 Headlines 12/27: Hartcourt Subsidiary and Davnet Limited Form Alliance to Sell Video Streaming Broadcast Solutions in Asia 12/20: ThinkersGroup.com and Hartcourt Release Chinese Version of ThinkConnect 12/14: Hartcourt Subsidiary and Microsoft Form Alliance to Jointly Deliver E-Finance Solutions 12/11: Hartcourt to Host 'China High-Tech Development & Finance Conference' 12/07: StreamingAsia, a Hartcourt Subsidiary, to Deliver Video Technology Services To eTVonline.tv 12/04: Hartcourt Promotes China Investment at 'CCN Summit 2000' 11/29: Hartcourt Reports Third Quarter 2000 Financial Results 11/21: Hartcourt to Form HCTV Subsidiary and Develop 24 Hour Financial TV Programs in Shanghai 11/15: Sinobull.com Declared Most Popular Financial Content Web Site In China by Securities Times 11/10: Hartcourt to Co-sponsor 'Beijing Night' at Comdex 2000 11/07: China Telecom and SinoBull Financial Group Debut New Wireless Stock Trading System at PT/EXPO COMM CHINA 2000 11/02: ThinkersGroup.com and Hartcourt Form Strategic Marketing Partnership For Leading Web-to-Wireless Solutions 10/30: Hartcourt to Acquire Significant Interest in World's First Fiber-Based Broadband ISP 10/24: Hartcourt Announces Appointment of Prominent Chinese Professor to Board of Directors 10/19: Hartcourt Chairman to Speak at Shareholder Conferences in New York And Frankfurt Germany 10/17: Hartcourt Forms Strategic Marketing Partnership With Leading eBusiness Developer Mahadev 10/11: Hartcourt Subsidiary Builds Asia's Largest B2B Electronics Marketplace with Alliance Partner 10/10: Hartcourt Organizes Due Diligence Trip to China For Reporters, Analysts and Shareholders 10/05: New SinoBull Wireless Product Offers Anywhere-Anytime Personal Financial Data and Trade Executions to Mobile Investors 10/04: Hartcourt Announces Details of 2 for 1 Stock Split 09/28: Hartcourt Acquires 60 Percent of Beijing TSS 09/21: Hartcourt Strengthens Internet Brands 09/21: Hartcourt Signs IPO Agreements for StreamingAsia and SinoBull Group 09/07: Hartcourt Subsidiary Streaming Asia to Webcast Hong Kong Congressional Elections 08/24: Hartcourt to Announce New Strategic Structure and Partners; Company Schedules Hong Kong News Conference For September 21, 2000 08/17: Hartcourt Forms Marketing Alliance with ChinaInfo -- China's Official Information Industry Portal 08/14: Hartcourt to Acquire 30 Percent Interest in Hong Kong-Based Koffman Securities Ltd. 08/12: Hartcourt Reports Second Quarter 2000 Financial Results 08/10: SinoBull and China Cable Networks Debut Financial TV Channel at China National Executive Forum 08/07: New SinoBull CEO Pledges Major Investment Banking Effort; Hartcourt Subsidiary Adopts New Structure As Part Of Plan To Maximize Shareholder Value 08/04: Hartcourt Capital Inc. Formed to Handle Online Financial Transactions; New Subsidiary Will Be Headed by Former CEO of Sinobull Group 08/01: Hartcourt To Acquire Major Stake In China's Leading Financial & Securities News Provider 07/24: Hartcourt Confirms Merger Talks With Hong Kong Stock Exchange Listed Company; Company Aims to Broaden Activities in Mainland China 07/20: Media Applauds Hartcourt Business Model as Superior for Internet Ventures in China 07/12: SinoBull.com Inc. Provides Content to Securities Daily -- the Official Newspaper For China's Banking & Securities Industries 07/07: SinoBull Group Introduces Comprehensive China-Wide E-Finance Platform at Beijing Ceremony 06/29: Hartcourt Subsidiary Develops Revolutionary Wireless Online Solution for China Markets 06/26: Hartcourt's SinoBull Subsidiary Establishes Strategic Alliance With China's People's Daily; Shanghai Guo Mao to Provide Content for Leading Financial Newspaper in China 06/19: Hartcourt to Invest in China Online, Largest Private ISP in China; Hartcourt and Rayes Group Will Develop COL into a Commercial Broadband ISP in China 06/15: Hartcourt Confirms Subsidiary Has Entered Into Profit Sharing & Content License and Usage Agreement With Yahoo! Holdings Ltd. 06/12: Hartcourt Subsidiary to Deliver Financial Content to Nokia Mobile Phones Distributed in China 06/08: SinoBull Group Selected by Anshan Securities Co. To Provide Online Trading in Shanghai 06/06: Hartcourt Subsidiary to Participate with China Telecom In Campaign to Bring ISP Services to 10 Million New Users 06/02: Hartcourt Subsidiary StreamingAsia.com to Host Web Site of Leading Chinese Motion Picture 05/30: Hartcourt Subsidiary Acquires 100% Interest of LogicSpace Ltd., a Leading Web Solutions Pioneer 05/25: Hartcourt Subsidiary and China Cable Networks - CCN - to Jointly Develop the 'CCN Financial TV Channel' Prior to WTO Approval 05/22: Hartcourt Subsidiary Sinobull.com Completes Acquisition of 50% Interest of Shanghai Guo Mao; Agreement is a Prelude to a 100% Merger of the Two Entities 05/15: Hartcourt Announces Selection of StreamingAsia.com to Deliver Chinese Sports Video and Audio Over the Internet 05/09: Hartcourt Selected to Help Open Chinese People's Supreme Court Cases to Internet Access 04/28: Sinobull.com Announces Online Relationship With Third Chinese Securities Trading Firm 04/26: Sinobull.com Takes 50% Stake in StreamingAsia.com 04/25: Sinobull.com, a Hartcourt Subsidiary Completes Acquisition of 50 Percent of StreamingAsia.com 04/17: Hartcourt Reports 1999 Financial Results and Success in Acquiring Chinese Internet Businesses 04/12: Hartcourt's Subsidiary, Financial Telecom of Hong Kong, Acquires 51% of Data Transmission Network 04/10: Hartcourt Appoints a Wireless Telecom Expert, Dr. Charlie Q. Yang, to Chief Operating Officer 04/04: Hartcourt Companies, Owner of China-wide Internet Businesses, Retains FRB BSMG; Premier Chinese Financial Portal, Sino Bull, Among Hartcourt Holdings 03/28: Hartcourt's Subsidiary, UAC Online, Releases Chinese Stock Trading Applications for Palm OS and Windows CE 03/23: Hartcourt Appoints Mr. Duc Duong Chief Technology Officer 03/20: Guosen Securities to Use UAC 162 Network for Online Stock Trading 03/15: Michael Bianco Is the New President & CEO of Sinobull.com; Hartcourt Subsidiary Is Putting Finishing Touch on Its Portal Launch and IPO 03/13: SinoBull.com to Develop WAP Connectivity for Mobile Phone Services 03/08: StreamingAsia.com is the Official Webcaster for Hong Kong Stock Exchange; Hartcourt Subsidiary is a Rising Star In Hong Kong Internet 03/06: Sinobull.com (A Hartcourt Subsidiary) Web Site Is a Hit with Chinese Investors 02/29: Hartcourt to Invest in Sichuan Cable Network 02/16: Chairman to Speak on China Market for Online Stock Trading 02/14: Hartcourt to Invest in eIMPACT Solutions 01/24: Hartcourt Applies For Nasdaq NMS Listing 01/14: Hua Xia Launches Set Top Boxes with Microsoft and Legend 01/10: Hartcourt Shares Gain 5,264 Percent in 1999 01/06: Hartcourt Funding Agreement Increased to $35 Million
1999 Headlines 12/29/99: Hartcourt Appoints BDO International to be its Auditors 12/28/99: Sinobull.com Agrees to Acquire 50% of Shanghai Guo Mao 12/23/99: Hartcourt UAC JV Generating Publicity On Government Media 12/19/99: Sinobull.com to Purchase 40% of Shangdi Network 12/13/99: Sinobull.com Engages Ernst & Young for IPO Business Plan 12/07/99: Sinobull.com Agrees to Buy 50% of Internet Software Company 12/01/99: eSAT Inc. and Hartcourt Come to Terms on Strategic Alliance 11/18/99: Sinobull.com Formed as IPO Company for UAC Online and FinTel 11/15/99: Hartcourt Signs Agreement for $25 Million Equity Line Funding 11/02/99: Hartcourt UAC JV Signs with Beijing Telecom; Gains Gov't Funding 10/25/99: Hartcourt Signs JV Agreement For Wireless ISP and IP Phone 09/22/99: Hartcourt Completes Acquisition of Financial Telecoms Ltd. 09/09/99: Hartcourt to Convert 15% of Stock Options in UAC Online 08/25/99: Hartcourt Acquires 58% of Financial Telecom of Hong Kong 07/20/99: Hartcourt to Participate in National ISP Venture in China 07/12/99: Hartcourt Approved for Listing on German Stock Exchange 06/29/99: Hartcourt Acquires 35% of China's First Online Trading Co. 06/03/99: Hartcourt to Distribute Share Certificates of Enova Holdings 03/25/99: Hartcourt to Divest 65% of ECS to Mgmt and Investors' Group 03/25/99: Hartcourt Exchanges Interest in Peony Garden Project, Beijing 03/24/99: The Hartcourt Companies Inc. to Spinoff U.S. Operations 03/24/99: The Hartcourt Companies Inc. Issues Rebuttal Statement 03/23/99: First Foreign Firm Allowed; Hartcourt to Merge with Chinese
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