UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C.  20549

                                   FORM 10-QSB

(MARK  ONE)

[X]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE
     ACT  OF  1934

For the quarterly period ended September 30, 2001
                                       OR

[ ]  TRANSITION  REPORT  PURSUANT  TO  SECTION  13  OR  15(D)  OF THE SECURITIES
     EXCHANGE  ACT  OF  1934

For the transition period from ________ to __________

                         COMMISSION FILE NUMBER 0-23462

                                  MYWEB INC.COM
        (Exact name of Small Business Issuer as Specified in its Charter)

                  NEVADA                                 88-0207089
       (State or Other Jurisdiction                    (IRS Employer
     of Incorporation or Organization)              Identification  No.)

                                BLOCK G, UNIT 606
                                PHILEO DAMANSARA 1
                                NO. 9 JALAN 16/11
                              OFF JALAN DAMANSARA
                              46350 PETALING JAYA
                                SELANGOR MALAYSIA

                    (Address of Principal Executive Offices)

                                (603) 7660-9282
                 Issuer's Telephone Number, Including Area Code

     Check whether the issuer: (1) has filed all reports required to be filed by
Section  13 or 15(d) of the Securities Exchange Act of 1934 during the preceding
12  months  (or for such shorter period that the registrant was required to file
such reports), and (2) has been subject to such filing requirements for the past
90  days.

                                 Yes  X  No
                                     ---    ---

          APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS
                         DURING THE PRECEDING FIVE YEARS

     Check whether the registrant filed all documents and reports required to be
filed  by  Section 12, 13 or 15(d) of the Exchange Act after the distribution of
securities  under  a  plan  confirmed  by  a  court.

Yes  X  No
    ---    ---

                      APPLICABLE ONLY TO CORPORATE ISSUERS

State the number of shares outstanding of each of the issuer's classes of common
equity,  as  of  the  latest  practicable  date:  As  of  November 15, 2001, the
registrant  had  11,121,357  shares  of  Common  Stock  outstanding.

     Transitional Small Business Disclosure Format  (check one):

Yes     No  X
    ---    ---


<PAGE>
                                  MYWEB INC.COM

                                   FORM 10-QSB
                    For the Quarter Ended September 30, 2001


                                                                          Page
          Index                                                           Number

PART  I   FINANCIAL  INFORMATION

Item  1   Consolidated  Balance  Sheet  at  September  30,  2001               3
          (unaudited)

          Consolidated  Statements  of Operations for the three months         4
          ended  September 30, 2001 and September 30, 2000 (unaudited)
          and  the  nine months ended September 30, 2001 and September
          30,  2000  (unaudited)

          Consolidated  Statements  of  Cash Flows for the nine months         5
          ended  September 30, 2001 and September 30, 2000 (unaudited)

          Notes  to  Consolidated  Financial  Statements                       6

Item  2   Management's  Discussion  and Analysis of Financial Condition       11
          and  Results  of  Operations

PART  II  OTHER  INFORMATION

Item  1   Legal  Proceedings                                                  15
Item  2   Changes  in  Securities                                             15
Item  3   Defaults  Upon  Senior  Securities                                  15
Item  4   Submission  of  Matters  to  a  Vote  of  Security  Holders         15
Item  5   Other  Information                                                  15
Item  6   Exhibits  and  Reports  on  Form  8-K                               15



Certain  statements under the caption "Management's Discussion and Analysis" and
elsewhere in this Form 10-QSB constitute "forward-looking statements" within the
meaning  of  the  Private  Securities  Litigation  Reform  Act  of  1995.  These
statements  are  typically identified by their inclusion of phrases such as "the
Company  anticipates,"  "the  Company  believes"  and  other  phrases of similar
meaning.  Such  forward  looking  statements  involve  known  and unknown risks,
uncertainties  and  other factors that may cause the actual results, performance
or  achievements  of  the  company  to  be  materially different from any future
results,  performance or achievements express or implied by such forward-looking
statements.  Such  factors  include, among others: general economic and business
conditions;  competition;  political changes in international markets; operating
costs;  costs  of capital equipment; changes in foreign currency exchange rates;
changes  in  business  strategy  or  expansion  plans;  quality  of  management;
availability,  terms and development of capital; fluctuating interest rates; and
other  factors  referenced  in  this  Form  10-QSB.


                                        2
<PAGE>
                                     PART I
                              FINANCIAL INFORMATION

ITEM 1.     FINANCIAL STATEMENTS

                                  MYWEB INC.COM
                           CONSOLIDATED BALANCE SHEET
                (IN THOUSANDS OF DOLLARS, EXCEPT FOR SHARE DATA)

                                                                 (Unaudited)
                                                                 ------------
                                                                  September
                                                                   30, 2001
                                                                 ------------
ASSETS
Current assets:
   Cash and cash equivalents                                     $       289
   Accounts receivable, net of allowance for doubtful accounts           561
   in the amount of $41
   Inventories                                                           321
   Prepaid expenses and other current assets                           2,062
                                                                 ------------
   Total current assets                                                3,233
                                                                 ------------

Interest in associated company                                            42
Property and equipment, net                                            1,933
Goodwill, net                                                             58

                                                                 ------------
Total assets                                                           5,266
                                                                 ============
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
   Accounts payable, trade                                             1,538
   Other accounts payable                                              4,278
   Short term borrowings                                                  66
   Due to directors                                                      214
   Due to a related company                                               21
   Income taxes payable                                                   11
   Deferred revenue                                                       21
                                                                 ------------
   Total current liabilities                                           6,149
                                                                 ------------
Commitments and contingencies (Note 9)
Deferred Credit                                                          236
Minority interest                                                        389

Shareholders' deficit:
   Common stock, par value $0.01;
       authorized 100,000,000 shares;
       issued and outstanding 11,121,335 shares                          111
   Additional paid-in capital                                         19,085
   Stock Subscribed                                                       74
   Accumulated deficit                                               (20,800)
   Other comprehensive income                                             22
                                                                 ------------
   Total shareholders' deficit                                        (1,508)
                                                                 ------------
Total liabilities and shareholders' deficit                            5,266
                                                                 ============

          See accompanying notes to consolidated financial statements.


                                        3
<PAGE>
<TABLE>
<CAPTION>
                                        MYWEB INC.COM

                            CONSOLIDATED STATEMENTS OF OPERATIONS
              (IN THOUSANDS OF DOLLARS, EXCEPT FOR SHARES AND PER SHARE AMOUNT)
                                         (UNAUDITED)

                                      For the Three Months Ended  For the Nine Months Ended
                                        Sept 30,      Sept 30,      Sept 30,      Sept 30,
                                          2001          2000          2001          2000
<S>                                   <C>           <C>           <C>           <C>
Revenues:

   Net sales                          $       887   $     1,507   $     2,211   $     4,495
   Interest and other income                   19           122            72           178
                                      ------------  ------------  ------------  ------------
Total revenues                                906         1,629         2,283         4,673
                                      ------------  ------------  ------------  ------------
Costs and expenses:

   Cost of sales                              686         1,286         1,809         3,699
   Sales and marketing                        138           612           607         2,519
   Product development                         32           156           189           503
   General administration                     136           686           730         3,132
                                      ------------  ------------  ------------  ------------

 Total costs and expenses                     992         2,740         3,335         9,853
                                      ------------  ------------  ------------  ------------

Operating loss                                (86)       (1,111)       (1,052)       (5,180)

Equity in loss of associated company           (4)            -           (22)            -

Minority interest                             (55)          (13)          (62)          (98)

Gain on disposal of subsidiary                  -             -            87             -
                                      ------------  ------------  ------------  ------------

Loss before income taxes                     (145)       (1,124)       (1,049)       (5,278)

Income taxes                                  (37)           (1)          (37)           (1)
                                      ------------  ------------  ------------  ------------

Net loss                              $      (182)  $    (1,125)  $    (1,086)  $    (5,279)
                                      ============  ============  ============  ============
Loss per share                        $     (0.02)  $     (0.10)  $     (0.10)  $     (0.48)

Average number of                      11,121,335    11,112,285    11,121,335    11,112,285
 common shares outstanding
</TABLE>

          See accompanying notes to consolidated financial statements.


                                        4
<PAGE>
<TABLE>
<CAPTION>
                                           MYWEB INC.COM
                                CONSOLIDATED STATEMENTS OF CASH FLOWS
                                     (IN THOUSANDS OF DOLLARS)

                                                                                  (Unaudited)
                                                                           For The Nine Months Ended
                                                                           -------------------------
                                                                              Sept 30,    Sept 30,
                                                                                2001        2000
                                                                             ----------  ----------
<S>                                                                          <C>         <C>
Operating Activities:
   Net loss                                                                  $  (1,086)  $  (5,279)
Adjustments to reconcile net loss to net cash used in operating activities:
   Depreciation                                                                     99         120
   Amortization of goodwill                                                         25         293
   Non-cash expense                                                                378       1,621
   Minority interest in net income                                                  61          98
   (Gain) loss on disposal of equipment                                             16          (4)
   Disposition of equipment                                                                     23
   Property and equipment written off                                                4           -
   Equity in losses of associated company                                           22           -
   Gain on disposal of investment                                                  (87)          -
   Provision for doubtful accounts                                                  41           2

Changes in Operating Working Capital:
   Accounts receivable                                                            (214)        459
   Inventories                                                                      97        (452)
   Prepaids and other current assets                                              (372)        229
   Accounts payable                                                              1,620        (142)
   Deferred revenue                                                                (87)         36
   Tax paid                                                                          -          (1)
                                                                             ----------  ----------
   Net cash provided by (used in) operating activities                             517      (2,997)
                                                                             ----------  ----------

Investing Activities:
   Acquisition of property and equipment                                        (1,663)       (266)
   Proceeds from disposal of investment                                            (83)
   Proceeds from disposal of equipment                                              20          21
   Acquired cash in acquisitions                                                   319           6
                                                                             ----------  ----------
   Net cash provided by (used in) Investing Activities                          (1,407)       (239)
                                                                             ----------  ----------

Financing Activities:
   Proceeds from issuance of common stock                                        1,000           -
   Net change in short- term borrowings                                           (296)        362
   Proceeds from minority shareholders                                             307          11
   Borrowings from (repayments to) directors                                        27         (19)
   Share Application Money received                                                          1,100
                                                                             ----------  ----------
   Net cash provided by financing activities                                     1,038       1,454
                                                                             ----------  ----------
Effect of exchange rate changes in cash                                              -          (3)
                                                                             ----------  ----------

Increase (Decrease) in cash and cash equivalents                                   148      (1,785)
Cash, beginning of period                                                          141       2,362
                                                                             ----------  ----------
Cash, end of period                                                          $     289   $     577
                                                                             ==========  ==========
Supplemental disclosures
   Income taxes paid                                                                 1           1
                                                                             ==========  ==========
   Interest paid                                                                     8           7
                                                                             ==========  ==========
</TABLE>

                  See accompanying notes to consolidated financial statements.


                                        5
<PAGE>
                                  MYWEB INC.COM

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (UNAUDITED)


NOTE 1:        BASIS OF PRESENTATION

The  accompanying financial statements report the consolidated accounts of MyWeb
Inc.com.  and its wholly owned subsidiaries, TecnoChannel Technologies Sdn. Bhd.
(a  Malaysian corporation) and its subsidiary companies, MyWeb Asia Pte. Ltd. (a
Singapore  corporation),  MyWeb  Network  System  (Beijing)  Co.  Ltd.  (a China
corporation), MyWeb America Inc. (a Delaware corporation), Easy2Bid Pte. Ltd. (a
Singapore  corporation),  Beijing  BiaoQi  Culture  Spreading  Co.  Ltd.(a China
corporation)  and  Beijing  New  BiaoQi  Advertisement  Co.  Ltd.  (a  China
corporation).  Pursuant  to  the  acquisition  described  in  Note 3 hereto, the
Company  has  treated  the acquisition of TecnoChannel Technologies as a reverse
acquisition  and,  accordingly,  has  reported  TecnoChannel  Technologies' 1998
statements  as  continuous.  The  Company  was incorporated on February 20, 1985
pursuant  to  the  laws  of  the  State  of Nevada, and presently has operations
offices  in  Kuala Lumpur and Beijing in addition to an administrative office in
San  Francisco,  California.

NOTE 2:        UNAUDITED FINANCIAL STATEMENTS

The accompanying unaudited financial statements have been prepared in accordance
with  accounting  principles  generally accepted in the United States of America
for  interim  financial information and with the instructions to Form 10-QSB and
Article  S-X.  Accordingly,  they  do  not  include  all  of the information and
footnotes  required  by  accounting  principles generally accepted in the United
States  of  America  for  complete  financial  statements.

The preparation of financial statements in conformity with accounting principles
generally  accepted  in the United States of America requires management to make
estimates  and  assumptions  that  affect  the amounts reported in the financial
statements  and  the  accompanying notes. Actual results could differ from those
estimates.

NOTE 3:        ACQUISITIONS

On  February  24,  1999, the Company acquired 100% of the issued and outstanding
capital  stock  of  TecnoChannel Technologies Sdn. Bhd., a Malaysian corporation
("TSB"),  in  exchange  for  an  aggregate  of 8,500,000 shares of the Company's
common  stock.  In  connection  with  such  acquisition,  the  Company issued an
aggregate  of 440,000 shares of its common stock to GEM Ltd. for its services as
financial  advisor  to  the  Company.

TSB,  which was formed in April, 1997 and operates under the trade name "MyWeb",
has  developed  with  Philips  Consumer  Electronics  set-top  boxes that enable
Internet  access  via  the  television  set.  The boxes are marketed and sold by
Philips  and  other  third  parties  and  include software developed by TSB.  In
addition,  TSB has developed and provides enabling technologies to manufacturers
of and Internet service providers serving users of non-personal computer devices
(such  as the set-top boxes) which enhance the utilization of such devices.  TSB
also  operates  multiple  Internet  portals  providing  localized  interactive
applications,  such  as  e-commerce, to both personal computer users and set-top
box  users.


                                        6
<PAGE>
                                  MYWEB INC.COM

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (UNAUDITED)

NOTE 3:        ACQUISITIONS - CONTINUED

The  Company accounted for the acquisition as a recapitalization under a reverse
acquisition  procedure  whereby  TSB's  operations  and  retained  earnings  are
reported  as  continuous.  The  value  of the shares issued to GEM Ltd. has been
charged  to  additional  paid-in  capital.

On  January  3,  2000,  the  Company  acquired 95% of the issued and outstanding
capital  stock  of  Easy2Bid Pte. Ltd. ("E2B") and issued 6,200 shares of common
stock  of  the  Company  to  the  shareholders  of  E2B  at  a  total  purchase
consideration  of  approximately  $164,000.  The  Company  accounted  for  the
acquisition  of  E2B  using  the purchase method of accounting. Accordingly, the
purchase  price  has been assigned to the fair values of the acquired assets and
liabilities, resulting in the recognition of goodwill in the amount of $139,000,
which  is  being  amortized  over  a  three  year  period.

On January 2, 2000, one of the Company's subsidiaries acquired a 66.67% interest
in Pacific Office Supplies Sdn. Bhd. ("Pacific Office"), a Malaysian corporation
engaged  in  the  stationery  and  office  supplies  trading  business, for cash
consideration  of  $1.2  million.  The  acquisition  was accounted for using the
purchase  method of accounting. As part of the Company's reorganization strategy
in connection with its listing application on the Labuan International Financial
Exchange  ("LFX", see Note 10 for information on the Company's proposed spin-off
and  listing  on  LFX),  the  Company  sold  its subsidiary's 66.67% interest in
Pacific  Office  on  January 15, 2001 for a total consideration of approximately
$1.05  million.

On  April  27,  2000, the Company entered into a Joint Venture and Shareholders'
Agreement  with  three  other  parties (the "Joint Venture Agreement") to form a
joint  venture  for  the  purpose of undertaking and engaging in the business of
providing  Electronic  Delivery  Services to, and as a Service Provider for, the
Electronic  Government  Project in Malaysia.  Under the Joint Venture Agreement,
the  Company  is  obligated  to subscribe to 35% of the total issued and paid up
capital  of  the  Joint Venture Company, which amounts to approximately $92,000.
Pursuant  to  the  agreement,  the  Company  is  to undertake a lead role in the
planning,  management,  organization  and  implementation of the Electronic Data
Services  and Service Provider for the Electronic Government Project.  The first
phase  of  the  Electronic  Government  was  launched  in  July  2001.

On  August  15, 2001, the Company entered into a Share Swap Agreement to acquire
51%  interest  in  both  Beijing  BiaoQi  Culture  Spreading  Co.  Ltd., a China
corporation  engaged in the economic and cultural information consulting as well
as  movies and related business and Beijing New BiaoQi Advertisement Co. Ltd., a
China  corporation  engaged  in  designing  and  producing  of  multinational
advertisement  business  for  television  and  related  media ("BBCS" and "BNBA"
respectively).  Under the terms of the Agreement, the Company will issue 740,000
shares  in  exchange  for  the  51%  interest  in  both BBCS and BNBA at a total
consideration  of  approximately  $74,000.  The  Company  accounted  for  the
acquisition  of  BBCS  and  BNBA  using  the  purchase  method  of  accounting.
Accordingly,  the  purchase  price  has  been assigned to the fair values of the
acquired  assets  and  liabilities,  resulting  in the recognition of a deferred
credit  in  the  amount  of $245,000 which is being amortized to income over a 3
year period. The 740,000 shares of the Company is in the process of being issued
pending completion of due diligence of the two acquired companies as well as the
completion  of approval from the relevant from the relevant regulatory bodies in
the  People's  Republic  of  China.

NOTE 4:        INVENTORIES

Inventories  of  the  Company  primarily consist of consumer products and office
stationery  products.  All  inventories  are  stated  at  the  lower  of cost or
realizable  values.  Cost  of  these  inventories  is  primarily determined on a
weighted  average  basis.

NOTE 5:        GOODWILL

As  part  of  the  acquisition  of E2B as described in Note 3 above, the Company
recorded  an  intangible  asset  related  to goodwill in the amount of $139,000.
This  asset  is being amortized over a three-year period beginning January 2000.


                                        7
<PAGE>
                                  MYWEB INC.COM

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (UNAUDITED)

NOTE 6:        DUE  TO  DIRECTORS

Amounts  due  to  directors  represent short-term non interest bearing advances,
with no set repayment terms.  These amounts will be repaid from operational cash
flows.

NOTE 7:        SHORT  TERM  BORROWINGS

The  short  term  borrowings  consisted  mainly of a short term loan obtained by
MyWeb  Network System (Beijing) Co., Ltd. from the China Construction Bank.  The
short  term  borrowing  bears  interest  at  the rate of 6.44% per annum and the
principal  amount  was payable in full on January 13, 2001. Interest was payable
quarterly commencing March 21, 2000. The loan was fully repaid during the period
ended  March  31,  2001.

NOTE 8:        SHAREHOLDERS'  EQUITY

Common  Stock

The  Company  entered  into a subscription agreement, dated March 23, 2000, with
Asia  Internet  Assets,  Inc.  ("Asia Internet") pursuant to which Asia Internet
agreed  to subscribe for 250,000 shares of the Company's common stock at a price
of  $10  per share, in an unregistered offering pursuant to section 4(2) or 3(b)
of  the  1933  Securities Act, as amended (the "Securities Act").  Asia Internet
paid $1,000,000 of the total purchase price on April 4, 2000, and was to pay the
remaining  sum  of  $1,500,000  within  30  days  thereafter.

On December 27, 2000, the Company entered into a new subscription agreement with
Asia Internet, which superseded the subscription agreement entered into on March
23,  2000.  Under  the  terms  of  the new subscription agreement, Asia Internet
agreed to subscribe to 5 million shares of the Company's common stock at a price
of $0.50 per share, in an unregistered offering pursuant to section 4(2) or 3(b)
of  the  Securities  Act.  The  Company  received  an additional payment of $1.0
million  on January 8, 2001 and agreed with Asia Internet to defer collection of
the  remaining  $500,000  until  after  the  issuance  of 4 million shares.  The
Company  anticipates  issuing  the  4  million  shares  to Asia Internet pending
approval  of  its  Additional  Listing  Application  by  AMEX.

NOTE 9:        COMMITMENTS AND CONTINGENCIES

Stock Incentive Plan

Under  its  Stock  Incentive  Plans,  the  Company  may  grant stock options and
incentive  awards  to  executives,  directors  and  employees  as  an additional
motivation  to  further  the  Company's  success and increase shareholder value.
Incentive  or  non-qualified stock options under these plans may be exercised up
to  10 years from the date the options were granted and vest over a period of up
to  two  (2)  years.  Certain  options  granted  in  1999  became  exercisable
immediately.  Option  holders  are  required  to  tender  cash  or shares of the
Company's  common  stock that they already owned equal to the aggregate exercise
price  of  the options at the time of exercise.  Options outstanding under these
plans  may  not exceed 15% of the total number of shares at any time outstanding
and  the  total  number  of  options that may be granted under the plans may not
exceed  1,000,000  under  each plan. At September 30, 2001, shares available for
future awards under these plans were 1,112.  For the three months and six months
ended  September  30,  2001,  the  Company  recognized  compensation expenses of
$126,000  and $378,000 respectively, relating to the intrinsic value at the date
of  grant  of  certain  options.


                                        8
<PAGE>
                                  MYWEB INC.COM

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (UNAUDITED)

NOTE 9:        COMMITMENTS AND CONTINGENCIES - CONTINUED

Legal

From  time to time the Company is subject to legal proceedings and claims in the
ordinary  course  of  business,  including  claims  of  alleged  infringement of
trademarks,  copyrights and other intellectual property rights, and a variety of
claims arising in connection with the Company's email, message boards, and other
communications  and  community  features, such as claims alleging defamation and
invasion  of  privacy.

In  July  2001,  Philips  Electronics Singapore Pte Ltd ("Philips") has issued a
Notice  of  Demand for an outstanding amount due and owing from Tecnochannel for
various  goods,  which  has  been  purchased  from  Philips.

Except as disclosed above, the Company is not currently aware of any other legal
proceedings  or  claims  that the Company believes will have, individually or in
aggregate,  a  material  adverse  effect  on the Company's financial position or
results  of  operation.

NOTE 10:       CERTAIN TRANSACTIONS

Proposed  Spin-off  and  Listing  on the Labuan International Financial Exchange
("LFX")

On February 21, 2001, MyWeb Technologies Ltd. ("MyTech"), a company incorporated
in  the  British  Virgin  Islands  and  a  subsidiary  of TecnoChannel, obtained
approval in principle from the regulatory bodies of LFX for the admission to the
Official  List  of  LFX  and for the floatation of the entire issued and paid-up
share  capital  of  MyTech.  The proposed spin-off has been structured to effect
transfer  of  100%  ownership  in  a  number  of TecnoChannel subsidiaries (and,
accordingly,  the  set-top box business) to MyTech in order to increase MyTech's
value  in contemplation of its initial public offering on the LFX.  The spin-off
is  subject  to  final  approval from the regulatory bodies of LFX. However, the
Company  has  postponed  the  listing indefinitely due to the unfavorable market
conditions.

Subscription Agreements Entered into by MyWeb Beijing

On  February  23,  2001,  the  Company  entered into a series of agreements with
Beijing  ShunTiamHang  Investment  and  Management  Co.  Ltd.  ("Beijing  STH
Investment").  Under the terms of the agreements, MyWeb Beijing received a total
of approximately $362,000 in return for ownership of 22% of the total issued and
paid-up  capital  of MyWeb Beijing.  The shares of MyWeb Beijing are convertible
into  newly  issued  MyWeb  Inc.com  shares of common stock at a price per share
equal to the market value the day prior to the date of conversion.  In addition,
under  the  terms  of  the  agreement,  the Company issued options to purchase 1
million  shares  of  common  stock at a price equal to 60% of the average market
value  for  the  twenty-one days prior to the exercise date, 1 million shares of
common  stock  at  a  price equal 80% of the average market value for twenty-one
days  prior  to the exercise date, and 800,000 shares of common stock at a price
equal  to  the  average  market  value for twenty-one days prior to the exercise
date.  The  options  expire  on  February  23,  2002.

The  Company has submitted the required documents to apply for approval from the
relevant  regulatory  bodies in the People's Republic of China for the effective
transfer  of  such  ownership  to  Beijing  STH  Investment.  The  change  in
shareholdings  as noted above will only be effected upon the final approval from
the  relevant  Chinese  regulatory bodies whereupon, Beijing STH Investment will
hold  18%  of  the  paid-up  capital  of  MyWeb Beijing but will have 22% of any
operating  profits  or  losses  of  MyWeb  Beijing.


                                        9
<PAGE>
                                  MYWEB INC.COM

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (UNAUDITED)

NOTE 10:       CERTAIN TRANSACTIONS - CONTINUED

Disposal of Investment in Pacific Office

As  part  of  its  reorganization  strategy  in  connection  with  the  listing
application exercise on the Labuan International Financial Exchange, the Company
sold  its subsidiary's 66.67% interest in Pacific Office on January 15, 2001 for
a  total  consideration of approximately $1.05 million.  As a result the Company
recorded  a  gain  of  approximately  $87,000  in  connection  with  this  sale.

NOTE 11:       SUBSEQUENT  EVENT

Disposal of Investment in MyWeb E-Commerce Sdn Bhd

On  October  1,  2001,  the  Company sold its subsidiary's 80% interest in MyWeb
E-Commerce for a total consideration of approximately $37,000.

NOTE 12:       MANAGEMENT  PLANS

Based  on  the  current difficult market conditions, the Company is targeting to
breakeven by first half of 2002.  During 2000, the Company expanded its services
to  include software engineering and e-commerce consulting services, in addition
to  its established operations, to capitalize on the demand for such services in
the  Asian  region.  By  providing  a  range  of  integrated services along with
operating  its  portal  services in the emerging markets, the Company expects to
obtain  a  competitive  edge  over  our  competitors.

The  Company  is  continuing to pursue leads for additional potential investors.
The  Company  believes  that  with additional funds, we will be able to meet our
current  expenditure requirements and achieve our targets as mentioned below for
the  year  2001. Any additional funds raised will determine the speed with which
such  operations  are  pursued.

The Company believes that its current funds, together with the cash generated by
our  operations  and  the  proceeds,  if  any,  raised  by the completion of the
proposed  spin-off  of  MyTech  upon the eventual successful listing on the LFX,
will  be sufficient to meet its working capital requirements for the next twelve
months.  The  Company  does  not  expect  to  incur  any  significant  capital
expenditures  in  2001.  In  order to provide for any potential or unanticipated
need  for  additional  financing,  the Company is currently in negotiations with
several  parties  to obtain additional funds, however, there can be no assurance
that  such financing will be available on terms and conditions acceptable to the
Company,  if  available  at  all.  If  such financing is necessary and cannot be
obtained,  the  Company would be required to reduce or postpone expenditures and
curtail  operations.  Any such postponement could have a material adverse effect
on  the  Company's  business  and  results  of  operation.


                                       10
<PAGE>
ITEM  2.  MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OF  FINANCIAL  CONDITION  AND
          RESULTS  OF  OPERATIONS

THE  FOLLOWING ANALYSIS OF THE OPERATIONS AND FINANCIAL CONDITION OF THE COMPANY
SHOULD  BE  READ  IN  CONJUNCTION  WITH  THE  CONSOLIDATED FINANCIAL STATEMENTS,
INCLUDING  THE  NOTES  THERETO,  OF THE COMPANY CONTAINED ELSEWHERE IN THIS FORM
10-QSB.

Overview
--------

The  Company was inactive during 1998 and in February 1999, the Company acquired
all  of  the  capital  stock of TecnoChannel Technologies Sdn. Bhd., a Malaysian
corporation  ("TSB").

TSB, which was formed in April, 1997 and operates under the trade name, "MyWeb,"
has  developed  with  Philips  Consumer  Electronics  set-top  boxes that enable
Internet access via the television set. The boxes are marketed and sold by third
parties,  primarily Philips Consumer Electronics, and include software developed
by  TSB.  In  addition,  TSB has developed and provides enabling technologies to
manufacturers  of  and  Internet service providers serving users of non-personal
computer  devices  (such  as the set-top boxes) which enhance the utilization of
such  devices.  TSB  also operates multiple Internet portals providing localized
interactive  applications,  such  as  e-commerce,  to  users  of  both  personal
computers  and  set-top  boxes.

The  Company's  current  business  plan is to devote all of its resources to the
development  and expansion of TSB's business in China and other emerging markets
that have the following characteristics:  a high percentage of television usage;
a  high  level of consumer demand for the Internet; a low percentage of personal
computer use; a low level of personal computer literacy; a high cost of personal
computers;  a  pre-existing  cable  and telecommunications infrastructure, and a
high  level  of  consumer  demand  for  software  engineering  and  e-  commerce
consulting  services.

As  discussed below, the three months ended September 30, 2001 was characterized
by a decrease in revenue as a result of the sale of Pacific Office Supplies Sdn.
Bhd.  and  a decrease in expenses incurred in connection with the Company's cost
of revenue, advertisement and promotion/marketing related expenses, as well as a
decrease  in  personnel  and  employee  compensation  expenses.  The Company has
maintained  its  strategic  alliances  with  local  Chinese  partners,  i.e.,
manufacturers,  content  providers  and  Internet  service  providers,  for  the
continued deployment of the set-top boxes, and for MyWeb's localized portal site
in  China.  The Company has undertaken various cost reduction exercises in China
and other emerging markets while attempting to increase revenues by capitalizing
on the growing demand for system integration and e-commerce consultancy services
in  Asia  by providing and expanding such services in its Asian operations.  Due
to  the  current  political and economic conditions, subsequent to September 11,
2001  the  Company now expects to minimize operating losses or achieve breakeven
status  only  in  2002  in  China  and  its  other  operating  markets.

We  have  a  limited  operating  history upon which to base an evaluation of our
business  and  prospects.  We  have yet to achieve significant revenues, and our
ability to generate significant revenues in the future is uncertain. Further, in
view  of  the  rapidly evolving nature of our business and our limited operating
history,  it is not possible to forecast future revenues. We believe, therefore,
that  period-to-period  comparisons of our financial results are not necessarily
meaningful,  and should not be relied on as an indication of future performance.

Our  business  and  prospects must be considered in light of the risks, expenses
and  difficulties  frequently  encountered by companies in their early stages of
development,  particularly companies in new and rapidly evolving markets such as
the  Internet  and  e-commerce.  In  addition, our revenues depend substantially
upon  the  level  of  activity  on  our  Internet  properties and our ability to
successfully create brand name awareness and market recognition for our products
and  services.  Although  we  have  experienced growth in our revenues since our
merger  with  TSB  in February 1999, there can be no assurance that our revenues
will  continue  at  their  current  rate  or  that  we  will  be able to operate
profitably.


                                       11
<PAGE>
COMPARISON  OF  THE  THREE  MONTHS  ENDED SEPTEMBER 30, 2001 TO THE THREE MONTHS
ENDED  SEPTEMBER  30,  2000.

Revenues
--------

Revenues  were  $906,000, including $19,000 of interest and other income, in the
three  months  ended  September  30, 2001 (the "2001 Third Quarter") compared to
$1.63  million,  including  $122,000  of interest and other income, in the three
months  ended  September  30,  2000 (the "2000 Third Quarter").  The decrease in
revenues  of  $723,000  in  the 2001 Third Quarter as compared to the 2000 Third
Quarter  was primarily due to the disposal of Pacific Office Supplies in January
2001.  Revenues  for  the  2001  Third Quarter consisted primarily of e-commerce
transactions of  $478,000, and advertising  revenue  of  $397,000.  No  customer
accounted  for  more  than  10% of total revenues during the 2001 Third Quarter.

Cost  of  Sales
---------------

Cost  of sales was $686,000  in the 2001 Third Quarter compared to $1.29 million
in  the  2000  Third  Quarter.  The decrease in cost of sales of 47% in the 2001
Third  Quarter  compared to the 2000 Third Quarter was primarily due to decrease
in  the  costs of goods for e-commerce transactions which is consistent with the
decrease  in  revenue  over  the  same  period  of  time.

Total  Operating  Expenses
--------------------------

Total  operating  expenses  were  $306,000 in the 2001 Third Quarter compared to
$1.45  million  in  the  2000  Third  Quarter.  The  decrease in total operating
expenses of 79% in the 2001 Third Quarter compared to the 2000 Third Quarter was
primarily  attributable  to  a  decrease  in  sales  and marketing expenses from
$612,000  in  the  2000  Third Quarter to $138,000 in the 2001 Third Quarter and
general  and  administration expenses from $686,000 in the 2000 Third Quarter to
$136,000  in  the  2001  Third  Quarter.

Sales  and  marketing  expenses  consisted  primarily  of  non-monetary  stock
compensation,  employee compensation, other promotion/marketing related expenses
and  employee  related  expenses. The decrease in absolute dollars from the 2000
Third  Quarter  is  primarily attributable to a decrease in personnel, the costs
associated  with  the  Company's  advertising  and  promotion/marketing  related
expenses  in  China  and  Malaysia  and  employee  related  expenses.

Product  development  expenses decreased 79% from $156,000 in the 2000 Period to
$32,000 in the 2001 Period.  Product development expenses consisted primarily of
employee compensation relating to developing and enhancing features of the MyWeb
online  service  properties.  The  decrease  in  absolute dollars is primarily a
result  of  the  decrease in the number of engineers responsible for the product
development,  employee  related  expenses  and  stock  compensation  expenses.

General  administration  expenses  decreased 80% from $686,000 in the 2000 Third
Quarter  to $136,000 in the 2001 Third Quarter.  General administration expenses
in the 2001 Third Quarter consisted primarily of employee compensation, employee
related  expenses,  amortization of goodwill and fees for professional services.
The  decrease  in  absolute  dollars  from the 2000 Third Quarter is primarily a
result  of  decrease  in  employee  compensation, employee related expenses, the
decrease  in  the  amortization of goodwill, a result of the disposal of Pacific
Office,  as  well  as  the  decrease  in  fees  for  professional  services.

Net  Loss
---------

The  Company  recorded  a  lower net loss of $182,000 or $0.02 per share for the
2001  Third  Quarter  compared to a net loss of $1.13 million or $0.10 per share
for the 2000 Third Quarter.  The decrease in net loss was primarily attributable
to profit contributed by the two acquired companies, BBCS and BBNA, as discussed
in  Note  3  above  as  well  as  the decrease in cost of sales, advertising and
promotion/marketing  related  expenses  in  China  and  Malaysia,  employee
compensation  expenses  and  fees  for  professional  services.


                                       12
<PAGE>
COMPARISON  OF THE NINE MONTHS ENDED SEPTEMBER 30, 2001 TO THE NINE MONTHS ENDED
SEPTEMBER  30,  2000

Total  Revenue
--------------

Revenues  decreased  from  $4.67 million, including interest and other income of
$178,000,  in  the  nine  months ended September 30, 2000 (the "2000 Period") to
$2.28  million,  including  interest  and  other  income of $72,000, in the nine
months  ended  September  30, 2001 (the "2001 Period"), a decrease of 51%.  This
decrease was primarily due to the disposal of Pacific Office Supplies in January
2001.  Revenues  for  the  2001  Period  consisted  primarily  of  e-commerce
transactions  of  $1.58 million, advertising revenue of $461,000 and set top box
revenue  of $172,000.  No customer accounted for more than 10% of total revenues
during  the  2001  Period.

Cost  of  Sales
---------------

Cost  of  sales decreased from $3.70 million in the 2000 Period to $1.81 million
in  the  2001  Period,  a  decrease  of  51%.  The decrease in cost of sales was
primarily  due  to  decrease  in  the costs of goods for e-commerce transactions
which  is  consistent  with  the  decrease  in  revenue  over  the  same period.

Total  Operating  Expenses
--------------------------

Total  operating expenses decreased 75% from $6.15 million in the 2000 Period to
$1.53  million in the 2001 Period.  The decrease was primarily attributable to a
decrease  in  sales and marketing expenses from $2.52 million in the 2000 Period
to  $607,000  in  the 2001 Period, a decrease of 76%, and general administration
expenses  from  $3.13 million in the 2000 Period to $730,000 in the 2001 Period,
a  decrease  of  77%.

Sales and marketing expenses decreased 76% from $2.52 million in the 2000 Period
to  $607,000  in  the  2001  Period.  Sales  and  marketing  expenses  consisted
primarily  of  employee  compensation, advertising and other promotion/marketing
related  expenses.  The  decrease  in  absolute  dollars from the 2000 period is
primarily  attributable  to  the  decrease  in  personnel  costs  and  the costs
associated  with  the  Company's  advertising  and  promotion/marketing  related
expenses  in  China  and  Malaysia  and  employee  related  expenses.

Product  development  expenses decreased 62% from $503,000 in the 2000 Period to
$189,000  in  the 2001 Period.  Product development expenses consisted primarily
of  employee  compensation  relating to developing and enhancing features of the
MyWeb  online service properties.  The decrease in absolute dollars is primarily
a  result of the decrease in the number of engineers responsible for the product
development,  employee  related  expenses  and  stock  compensation  expenses.

General  administration  expenses  decreased  77% from $3.13 million in the 2000
Period  to  $730,000  in  the  2001  Period.  General  administration  expenses
consisted  primarily  of  employee  compensation,  employee  related  expenses,
amortization  of  goodwill  and  fees for professional services. The decrease in
absolute  dollars  from  the  2001  Period  is primarily a result of decrease of
employee  compensation,  employee  related  expenses,  the  decrease  in  the
amortization of goodwill as, a result of the disposal of Pacific Office, as well
as  the  decrease  in  fees  for  professional  services.

Net  Loss
---------

The  Company  recorded  a net loss of  $1.09 million or $0.10  per share for the
2001  Period  compared to net loss $5.28 million or $0.48 per share for the 2000
Period.  The  decrease  in  net  loss  was  primarily attributable to the profit
contributed  by the two acquired companies, BBCS and BBNA as discussed in Note 3
above  as  well  as  the  decrease  in  cost  of  revenue,  advertising  and
promotion/marketing  related  expenses  in  China  and  Malaysia, as well as the
decrease  in personnel, employee compensation expenses and fees for professional
services.


                                       13
<PAGE>
Liquidity  and  Capital  Resources
----------------------------------

At  September  30,  2001,  the  Company  had  cash and cash equivalents totaling
$289,000  compared  to  $577,000  at  September  30,  2000.  Cash generated from
operating  activities  of  $517,000 for the nine months ended September 30, 2001
was  primarily  due to the reduced net loss of $1.09 million for the 2001 Period
as  compared to a net loss of $5.28 million in the 2000 Period. Cash provided by
financing  activities of $1.04 million during the 2001 Period was primarily from
proceeds  on  the  issuance  of  common  stock.

The  Company completed a private placement of 250,000 shares of its common stock
on  March  23,  2000 for aggregate proceeds of $2.5 million.  Under the terms of
the  agreement, the Company received an initial payment of $1.0 million on April
4, 2000.  On December 27, 2000, the Company and Asia Internet Assets Inc. ("Asia
Internet")  amended  the  terms  of  the  private placement agreement previously
entered  into  by  increasing  the  number of shares of MyWeb common stock to be
issued  to  Asia  Internet  for  aggregate proceeds of $2.5 million from 250,000
shares  to  5  million  shares.  Under  the  terms of the amended agreement, the
Company  received  an  additional  payment  of  $1.0 million on January 8, 2001.
Subsequently, the Company agreed to permit Asia Internet to defer the payment of
the  remaining  $500,000  until  the issuance of 4 million shares of our common.
The  Company  anticipates  issuing  the  4  million shares to Asia Internet upon
receiving  approval  of  its  Additional  Listing  Application  by  AMEX

The  Company  is  continuing to pursue leads for additional potential investors.
The  Company  believes  that  with additional funds, we will be able to meet our
current  expenditure requirements and achieve our targets as mentioned below for
the  year 2001.  Any additional funds raised will determine the speed with which
such  operations  are  pursued.

Based  on the current difficult market conditions, we are targeting to breakeven
by first half of 2002. During the 2000 Period, the Company expanded its services
to  include software engineering and e-commerce consulting services, in addition
to  our established operations, to capitalize on the demand for such services in
the  Asian  region.  By  providing  a  range  of  integrated services along with
running  its  portal  services  in  the emerging markets, the Company expects to
obtain  a  competitive  edge over its competitors. The Company also acquired two
advertising  companies  in the People's Republic of China and are confident they
will  contribute  to  the  sustained  growth  in  revenue  and  profit.

The Company believes that its current funds, together with the cash generated by
its  operations  and  the  proceeds,  if  any,  raised  by the completion of the
proposed  spin-off  of  MyTech  upon the eventual successful listing on the LFX,
will  be sufficient to meet its working capital requirements for the next twelve
months. The Company does not expect to incur any significant capital expenditure
in  2001.  In  order  to  provide  for  any  potential or unanticipated need for
additional  financing,  the  Company  is  currently in negotiations with several
parties to obtain additional funds, however, there can be no assurance that such
financing  will  be available on terms and conditions acceptable to the Company,
if  available  at all. If such financing is necessary and cannot be obtained, we
would be required to reduce or postpone expenditures and curtail operations. Any
such postponement could have a material adverse effect on the Company's business
and  results  of  operation.


                                       14
<PAGE>
                                     PART II
                                OTHER INFORMATION

ITEM 1.     LEGAL PROCEEDINGS

            None

ITEM 2.     CHANGES IN SECURITIES

            None

ITEM 3.     DEFAULTS UPON SENIOR SECURITIES

            None

ITEM 4.     SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

            None

ITEM 5.     OTHER INFORMATION

In  April  2001,  the  Company  received  verbal  approval  from  the  Labuan
International  Financial Exchange's (the "Exchange") regulatory body to list its
shares on the Exchange, with formal approval to be granted upon the finalization
of  the  terms of the proposed Spin-Off.  However, the Company has postponed the
listing  indefinitely  due  to  the  unfavorable  market  conditions.

ITEM 6.     EXHIBITS AND REPORTS ON FORM 8-K

(a)  Exhibits

         10.69      Software  License  Agreement,  dated  March  5, 2001, by and
                    between  TecnoChannel  Technologies  Sdn. Bhd., MyWeb Access
                    Sdn.  Bhd.,  and  MyWeb Network System (Beijing) Corporation
                    Ltd.  *

         10.71/A    Supplementary  Entente on the Equity Transference Agreement,
                    dated  January  22,  2001,  modifying  the  investment  time
                    table.*

         10.71/B    Supplement  (No.  1)  of  Agreement  on Equity Transference,
                    dated  February  7,  2001,  replacing  the  investor.*

         10.72      Sale  and  Purchase  Agreement, dated March 15, 2001, by and
                    between  Several  Persons,  MyWeb  Technologies  Ltd.,
                    (Purchaser)  and  Unioffice  Sdn.  Bhd., for the Purchase of
                    shares  of  Unioffice.*

         10.73      Sale  and  Purchase  Agreement, dated March 15, 2001, by and
                    between  TecnoChannel  Technologies  Sdn.  Bhd.  and  MyWeb
                    Technologies  Ltd.,  (Purchaser) and MyWeb Access Sdn. Bhd.,
                    for  the  purchase  of  MyWeb  Access  shares.  *

         10.74      Share  Swap  Agreement  dated August 15, 2001, between MyWeb
                    Inc.com  and  Mr  Guoping  Jiang  and Miss Wei Ji of Beijing
                    BiaoQi  Culture  Spreading  Co.  Ltd. and Beijing New BiaoQi
                    Advertisement  Co.  Ltd  for  the purchase of Beijing BiaoQi
                    Culture  Spreading  Co.  Ltd.  and  Beijing  New  BiaoQi
                    Advertisement Co. Ltd shares. +


                                       15
<PAGE>
(b)   Reports on Form 8-K

               None

---------------------
*    Previously  filed  with  the  Commission on Form 10-KSB of MyWeb Inc.com on
April 16, 2001, and incorporated by reference.

+    Portions  of  this  exhibit  have  been  omitted  pursuant to a request for
confidential treatment.


                                       16
<PAGE>
                                   SIGNATURES

     In accordance with the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this Report to be signed on its behalf by the
undersigned, hereunto duly authorized.


                                               MYWEB INC.COM
                                               (Registrant)



                                               By:  /s/  Thean Soon Wong
                                                  ------------------------------
                                                  Thean Soon Wong
                                                  Director and Chairman



Date: November 27, 2001