TOM Online is a mobile Internet company in
China
China, officially the People's Republic of China (PRC), is a country in East Asia. With population of China, a population exceeding 1.4 billion, it is the list of countries by population (United Nations), second-most populous country after ...
, operating the popular
Chinese-language Internet portal (www.tom.com) and offering a variety of online and
mobile services, including
wireless internet and
online advertising
Online advertising, also known as online marketing, Internet advertising, digital advertising or web advertising, is a form of marketing and advertising that uses the Internet to promote products and services to audiences and platform users. ...
. It is a subsidiary of the
TOM Group, controlled by
Li Ka Shing.
The company, then named TOM.com, was first listed on the
Growth Enterprise Market on March 1, 2000, and on the
NASDAQ on March 10, 2004. It set a record in
Hong Kong
Hong Kong)., Legally Hong Kong, China in international treaties and organizations. is a special administrative region of China. With 7.5 million residents in a territory, Hong Kong is the fourth most densely populated region in the wor ...
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 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, 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