Hong Kong-listed multimedia company Tom.com predicted its Internet business would overtake one of the big three Chinese Internet companies – Sina, Sohu and Netease – in profits in 2004.
Tom.com's internet business made a pre-tax profit of US$7.75 million in the third quarter of 2003, while the profits of Sina, Netease and Sohu stood at US$11.66 million, US$10.16 million and US$9.17 million, respectively.
The company also announced it would enter the huge online games market with the launch of a South Korean game, Karma Online.