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                                 EXHIBIT 10.34
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                            Adlink China Classifieds
www.adlink.com.cn                                     10/25/99     Infosto Group


                          Myweb.com.cn & Adlink.com.cn
     The Letter of Intent for Cooperation in Co-branded Classifieds Service

Party A: Myweb Internet System (Beijing) Co., Ltd.
Party B: Infosto Information Technology (Beijing) Co., Ltd.

1.       Party A & Party B intend to co-establish the co-branding classifieds
         service on website of Party A - www.myweb.com.cn

2.       The cooperative classifieds service as a brand new service on Party A's
         website - www.myweb.com.cn, will be hyperlinked with logo and/or text
         on the front page of www.myweb.com.cn (in above folder webpage). To
         generate more pageviews for the common resources of banner sales, Party
         A should hyperlink the relevant classifieds category onto its relevant
         channels. (Note: need to further define, like all channels with agreed
         layout)

3.       The URL of our cooperate classifieds channel will be
         http://adlink.myweb.com.cn

4.       The webpage layout (including pattern, color, etc.) of the cooperative
         classifieds service will be designed based on the principle of (1) to
         marry up or match with Party A's webpage style; (2) to combine Party B
         adlink's functionality and webpage style. The webpage designing work
         will be carried out and done through two parties' involvement with
         friendly negotiation and coordination.

5.       Party B is responsible to provide the technical solution and to develop
         related technical tools and approaches with Party A's assistance.

6.       In consideration of the fame and market influence, as well as the
         potential of marketshare of TV set-box access market of Party A's
         website, [***]

7.       Under the principle of friendship and making best use of both parties'
         advantages to improve the quality of the cooperative service, [***]

8.       Party B is responsible to manage and run the cooperative classifieds
         service on Party A's website. There should be a Party B logo (with
         hyperlink to www.adlink.com.cn) at left-top corner on each webpage of
         the cooperative classified service. Also at the footer line,



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         Confidential Treatment and filed separately with the Commission.

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         there should be a text footnote "powered by Adlink" (with hyperlink to
         www.adlink.com.cn), the co-branding classifieds service will be named
         as MyLink (logo on top-left), or place Adlink's logo on top-right of
         each webpage of co-branding classifieds service.

9.       To insure our cooperative classifieds service serves the user with rich
         content and comprehensive functionality at the very 1st day of the
         cooperation, the classifieds server of party B will support the
         cooperative service during the cooperation. Classifieds content of the
         cooperative classifieds service will be derived from the database of
         Party B (adlink.com.cn). The classifieds content input by users of the
         cooperative classifieds service will be transmitted and stored into
         database of Party B (adlink.com.cn).

10.      Party B has the ownership of personal data of new registered-user from
         the co-branding classifieds service. Per request of Party A, party B
         will share new registered user data of co-branding classifieds with
         Party A.

11.      Party B owns the copyright of all classifieds content. Without Party
         B's agreement, Party A cannot use the classifieds content on any other
         media, except the cooperative classifieds service. The copyright
         ownership will be displayed (with hyperlink to adlink.com.cn) on footer
         of all webpages of cooperative classifieds service. Party B owns the
         right of the software (the classified technology). Myweb owns the
         copyright of the co-branding webpages (except Adlink's graphical
         elements). Adlink owns the classifieds content, user database and
         technology.

12.      Two parties are both legitimate to sell banner ads on all webpages of
         the cooperative classifieds service. The price and discount rate of
         banner sales will be decided by two parties. The valid banner sales
         contract must be signed by any of the two parties with the advertiser,
         and get approval from the other party. Party A and Party B should share
         banner sales income according to the following principle: the active
         sales party deserves [***] of total banner sales income, the other
         party deserves [***]. Once the banner impressions of cooperative
         classifieds service have not been sold, two parties should share total
         banner impression at the ratio of [***] Each party can [***] banner
         inventory of the total in displaying their own banners, but their
         clients'. Party A is responsible to provide banner log report solution
         and services. Party B has the right to access banner log system any
         time during cooperation.

13.      Both technical and marketing personnel of the two parties should
         actively coordinate together to launch the cooperative classifieds
         service as early as possible. Party B will do its best to help this
         cooperative service to be launched within 4 weeks after this LOI is
         signed.

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[***]    Portions of this page have been omitted pursuant to a request for
         Confidential Treatment and filed separately with the Commission.
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14.      During the launching and development stages of the cooperation, two
         parties should mutually, jointly and actively promote this cooperation
         project via respective websites and media resources. Two parties can
         hold the news release conference in advance of when the cooperation
         starts.

15.      The cooperation term is one and half years (since the date of co-
         branding classifieds to be launched online). At the end of the
         cooperation term, two parties will renegotiate the further cooperation
         conditions and terms.

16.      Based upon this cooperation, two parties will actively and seriously
         look into our long-term cooperation opportunities, as well as the
         possibility to establish the strategic cooperation partnership.

17.      Any issue that has not been mentioned above in this agreement will be
         further negotiated between two parties.


/s/ illegible                          /s/ illegible
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Party A: Myweb Internet System         Party B: Infosto Information Technology
(Beijing Co. Ltd.                      (Beijing) Co., Ltd.
[stamp]                                [stamp]
                                       1999 10/25


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