TOM Online is a mobile Internet company in

China China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's List of countries and dependencies by population, most populous country, with a Population of China, population exceeding 1.4 billion, slig ...

, operating the popular

Chinese-language Chinese (, especially when referring to written Chinese) is a group of languages spoken natively by the ethnic Han Chinese majority and many minority ethnic groups in Greater China. About 1.3 billion people (or approximately 16% of the ...

Internet portal (www.tom.com) and offering a variety of online and mobile services, including

wireless internet Wireless communication (or just wireless, when the context allows) is the transfer of information between two or more points without the use of an electrical conductor, optical fiber or other continuous guided medium for the transfer. The most ...

and

online advertising Online advertising, also known as online marketing, Internet advertising, digital advertising or web advertising, is a form of marketing and advertising which uses the Internet to promote products and services to audiences and platform users. ...

. It is a subsidiary of the

TOM Group TOM Group Limited () is a Chinese-language media company in the Greater China region, with business interests across markets in Mainland China, Taiwan and Hong Kong. Its business covers four media sectors, Internet ( TOM Online), Outdoor (TOM Out ...

, controlled by Li Ka Shing. The company, then named TOM.com, was first listed on the

HKGEM Growth Enterprise Market (GEM) () is a board of the Stock Exchange of Hong Kong for growth companies that do not fulfill the requirements of profitability or track record for the main board of the exchange. Opened 1999. GEM operates on the philoso ...

on March 1, 2000, and on the

NASDAQ The Nasdaq Stock Market () (National Association of Securities Dealers Automated Quotations Stock Market) is an American stock exchange based in New York City. It is the most active stock trading venue in the US by volume, and ranked second ...

on March 10, 2004. It set a record in

Hong Kong Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China (abbr. Hong Kong SAR or HKSAR), is a List of cities in China, city and Special administrative regions of China, special ...

when it listed: shares closed at 3.35 times its offer price on the first day of trade. Tom Group, which owned 66 percent of the company, announced in March 2007 that it would pay HK$1.57 billion to buy out minority shareholders in the company, valuing each share at HK$1.52. A vote on the deal was scheduled for June 8, but was postponed to August 10.

Morgan Stanley Morgan Stanley is an American multinational investment management and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City. With offices in more than 41 countries and more than 75,000 employees, the fir ...

said in a report in March that the fair value for Tom Online would be HK$1.90 per share. The delay in the vote was seen by an analyst that the company was "not confident about getting approval from majority shareholders for the deal... The general feedback in the market is that the price suggested is quite low." The company has since been taken private. TOM Online exclusively offers the Chinese version of

Skype Skype () is a proprietary telecommunications application operated by Skype Technologies, a division of Microsoft, best known for VoIP-based videotelephony, videoconferencing and voice calls. It also has instant messaging, file transfer, debi ...

, which has been modified for the Chinese market and seems to include a text filter for political keywords.

References

External links

Official site
{{Chinese Web portals CK Hutchison Holdings Internet technology companies of China Companies formerly listed on the Hong Kong Stock Exchange Companies formerly listed on the Nasdaq