Asiacontent.com had third quarter revenue of $2 million, a 40% drop from third quarter 2000 sales of $3.3 million. Its net loss declined from $12.7 million a year ago to $10.7 million for the quarter just ended. Asiacontent.com’s third quarter ended Sept. 30. Part of the falloff was attributed to the Hong Kong-based online advertising firm’s decision to shut its Internet Solutions businesses in Singapore,
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Asiacontent.com had third quarter revenue of $2 million, a 40% drop from third quarter 2000 sales of $3.3 million. Its net loss declined from $12.7 million a year ago to $10.7 million for the quarter just ended. Asiacontent.com’s third quarter ended Sept. 30.
Part of the falloff was attributed to the Hong Kong-based online advertising firm’s decision to shut its Internet Solutions businesses in Singapore, Hong Kong and China and spin off its Korean and Taiwanese operations. Asiacontent.com will concentrate on DoubleClick Media Asia and MTV Asia Online, its two joint ventures with DoubleClick.
