Articles by Andy Wang

OrderTrust, a privately-held order processing/management services company, announced today that it has closed back-to-back rounds of funding for more than $33 million (US$). The funding was led by Federated-owned Fingerhut, the direct marketer/online retailer Additional financing was received from venture capital firm Far West Capital Management an...

Intel Corp. (Nasdaq: INTC), the world's largest chip maker, announced yesterday that it has a launched a new Internet services hosting business. The new billion-dollar venture, known as Intel Online Services, will provide "second-generation" Web hosting to companies worldwide In addition to providing and managing the facilities and network, Intel w...

Nike, which had previously prevented online-only retailers from selling its products, announced yesterday that it has changed its stance. Beginning with the 1999 holiday season, online sporting goods retailer Fogdog Sports will offer Nike products to its customers as part of a strategic relationship with the shoe giant According to Nike, Fogdog wil...

Internet infrastructure company InfoSpace.com, a provider of content and e-commerce services to affiliate Web sites, announced today that it has signed a definitive agreement to acquire Seattle, Washington-based company Union-Street.com. Union-Street.com offers a variety of business-to-business services and community features, including private label e-mail, address books, calendars, chat, personal home pages and message boards...

Online gift registry Della & James announced today that it has secured $45 million (US$) in funding from a consortium led by Amazon.com. As part of the agreement, Della & James' wedding gift registry will be available on Amazon's Web site Joining Amazon.com in the financing are upscale department store Neiman Marcus, home furnishings retailer Crate...

Job recruiting site CollegeHire.com announced today that it will mount a nationwide campaign to recruit college students for Amazon.com. CollegeHire's goal is to deliver young, talented information technology graduates to the online bookseller "We are eager to meet with college talent that shares our vision of customer service and has a passion for...

Online business information provider Hoover's Online (Nasdaq: HOOV) announced a year-long agreement today with Consumer Financial Network, an e-commerce platform for financial services. In addition to offering financial planning services to Hoover's users, Consumer Financial Network will be the primary sponsor of a co-branded insurance area on Hoover's new Money channel...

beenz.com, which has developed a new e-commerce rewards system, announced an exclusive marketing alliance today with Excite U.K.. The joint venture between British Telecommunications and Excite@Home (Nasdaq: ATHM) will begin by offering bonus beenz to its first 100,000 registrants Shoppers at Excite's online stores can earn 'Beenz' as they purchase...

The Reader's Digest Association (NYSE RDA) announced today that it has teamed up with Startek, Inc. (NYSE: SRT) to create gifts.com, an online gift shopping service. Reader's Digest is the most widely read magazine in the world, with a paid circulation of about 15 million Reader's Digest and its Good Catalog Company subsidiary will contribute prope...

America Online (NYSE: AOL) and online florist 1-800-Flowers.com (Nasdaq: FLWS) announced today that they have extended and expanded their partnership until 2003 Under the terms of the 4-year, $37 million (US$) deal, 1-800-Flowers.com will continue as the exclusive third-party marketer of fresh-cut flowers on AOL and AOL.com. Starting in 2000, the o...

Internet service provider EarthLink (Nasdaq: ELNK) has bolstered its new Home Office service by making E-Stamp its online postage supplier. E-Stamp and messaging services from MessageClick are now featured on the EarthLink Personal Start Page Now that their technology has been approved by the U.S. Postal Service, E-Stamp and competitor Stamps.com (...

iWeb, a developer of technology that allows Internet service providers to subsidize free Internet access with e-commerce services and advertising, announced Thursday that it has secured a $3 million second round of financing. The round was led by marketing and communications firm Young & Rubicam iWeb's first product, iNotes, uses patent-pending sof...

iWeb, a developer of technology that allows Internet service providers to subsidize free Internet access with e-commerce services and advertising, announced Thursday that it has secured a $3 million second round of financing. The round was led by marketing and communications firm Young & Rubicam iWeb's first product, iNotes, uses patent-pending sof...

Shares of online mortgage provider Mortgage.com (Nasdaq: MDCM) soared more than 11.5 percent on Wednesday, gaining 1-13/16 to 17-1/2. Mortgage.com benefited from a strong buy rating and a $28 price target from U.S. Bancorp Piper Jaffray, which was a co-manager for the company's recent initial public offering. One day earlier, Mortgage.com received a buy rating from Credit Suisse First Boston, which was the lead underwriter of the company's IPO...

Mondera.com, which sells jewelry and luxury gifts online, announced today that it has a secured a $13 million (US$) first round of funding led by @Ventures, the affiliated venture capital arm of Internet incubator CMGI (NASDAQ: CMGI). Also participating in the financing is Global Investment Partners "This funding will allow Mondera.com to offer mor...

Less than a year after becoming the smallest company in history to purchase Super Bowl airtime, online job recruiter HotJobs.com (Nasdaq: HOTJ) announced plans to air two 30-second commercials during the 2000 Super Bowl. One commercial is slated for the pre-game show, and the other will air during the game For the 1999 airtime, Hotjobs.com spent mo...

Red Hat, Inc. (Nasdaq: RHAT), which develops and distributes commercial versions of the Linux operating system, has signed up PC manufacturer Gateway (Nasdaq: GTW) as an authorized reseller. Red Hat announced today that Gateway will now be able to install Red Hat's Linux-based operating system when requested by customers "Gateway customers are aski...

Navarre (Nasdaq; NAVR), a business-to-business e-commerce company that offers music and software, announced today that it has entered into a distribution deal with Linux developer tools provider Cygnus Solutions. The deal is Navarre's sixth distribution agreement for the Linux operation system and related products "In the past year we have shipped ...

Online music retailer Wherehousemusic.com has struck a deal to set up shop on leading Internet service provider EarthLink (Nasdaq: ELNK). Today, the companies announced that they have forged an agreement to make Wherehousemusic.com a "Premiere Partner" and the exclusive music retailer on EarthLink's personal start page and online shopping center Ea...

Name-your-price retailer Priceline.com (Nasdaq: PCLN) announced today that it has teamed up with Alliance Capital Partners to offer name-your-price mortgages nationwide. Priceline.com believes that the online mortgage application will save some homebuyers up to $1,000 (US$) in closing costs The new service will be known as Pricelinemortgage. Allian...