99Bill Partners with ICBC to Launch New Payment Services

Based on the agreement, 99bill is expected to experience huge potential growth opportunities with its value-added services to be interacted with a wide range of ICBC's business segments. Both parties will be able to capitalize on the cooperation by leveraging capabilities and expertise from both sides, and furthermore, to engage in further combined business opportunities possible. In addition, the partnership also sets a good model showcasing the possibilities in promoting financial informatization via cross- platform cooperation.

Oliver Kwan, CEO of 99Bill said, ''As the largest and the most rapidly growing vendor for 3rd party independent online payment solutions, 99bill has achieved over 5 million users in the short period of time, demonstrating our leadership in providing innovative services. With the in-depth cooperation, 99bill now launched phone-based service, another innovative offering designed to increase customer base as well as enhancing user experience.''

Since it was established in the first half of 2005, 99Bill has been well-received and established over 30 strategic partnerships spanning leading banks, websites and enterprises in China. The company, exceeding 5 million users, has established leadership position in China's 3rd party independent online payment industry. 99bill's rapid growth reflects the recognition and acceptance by its partners as well as Internet users, also demonstrating the vast development prospects in the country's payment arena.