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 June 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) 47660-9282
                    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  August  15,  2001, the
registrant  had  11,121,357  shares  of  Common  Stock  outstanding.

     Transitional Small Business Disclosure Format (check one):

Yes  No   X
        ---


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

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


                                                                                         Page
            Index                                                                        Number
<S>       <C>                                                                            <C>
PART  I   FINANCIAL  INFORMATION

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

          Condensed Consolidated Statements of Operations for the three month periods     4
          ended June 30, 2001 and June 30, 2000 (unaudited) and the six month periods
          ended  June  30,  2001  and  June  30,  2000  (unaudited)

          Condensed  Consolidated  Statements of Cash Flows for the six month periods     5
          ended  June  30,  2001  and  June  30,  2000  (unaudited)

          Notes  to  Condensed  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
</TABLE>


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>
<TABLE>
<CAPTION>
                                     PART I
                              FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

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


                                                                (Unaudited)
                                                                ------------
                                                                    June
                                                                  30, 2001
                                                                ------------
<S>                                                             <C>
ASSETS
Current assets:
  Cash and cash equivalents                                     $        36
  Accounts receivable, net of allowance for doubtful accounts           405
  in the amount of $41
  Inventories                                                           316
  Prepaid expenses and other current assets                           1,191
  Due from a related company                                              8
                                                                ------------
  Total current assets                                                1,956
                                                                ------------
Restricted cash                                                           -
Interest in associated company                                           46
Property and equipment, net                                             316
Goodwill, net                                                            69
                                                                ------------
Total assets                                                    $     2,387
                                                                ============

LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
  Accounts payable, trade                                       $     1,097
  Other accounts payable                                              2,525
  Short term borrowings                                                   -
  Due to directors                                                      209
  Due to a related company                                                -
  Income taxes payable                                                   17
  Deferred tax liability                                                  -
  Deferred revenue                                                       21
                                                                ------------
  Total current liabilities                                           3,869
                                                                ============

Commitments and contingencies (Note 9)                                    -
Minority interest                                                        28

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                                         18,960
  Accumulated deficit                                               (20,619)
  Other comprehensive income (loss)                                      38
                                                                ------------
  Total shareholders' deficit                                        (1,510)
                                                                ------------
Total liabilities and shareholders' deficit                     $     2,387
                                                                ============
</TABLE>

     See accompanying notes to condensed consolidated financial statements.


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

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


                                        For the Three Months Ended       For the Six Months Ended
                                         June 30,         June 30,       June 30,        June 30,
                                           2001             2000           2001            2000
<S>                                   <C>              <C>             <C>            <C>
Revenues:

  Net Sales                           $          634   $       1,600   $      1,324   $       2,988
  Interest and Other Income                       40              19             53              56
                                      ---------------  --------------  -------------  --------------

Total Revenues                                   674           1,619          1,377           3,044
                                      ---------------  --------------  -------------  --------------

Costs and Expenses:

  Cost of sales                                  531           1,116          1,123           2,413
  Sales and marketing                            225             898            469           1,907
  Product development                             54              86            157             347
  General administration                         290           1,517            594           2,446
                                      ---------------  --------------  -------------  --------------

Total Costs and Expenses                       1,100           3,617          2,343           7,113
                                      ---------------  --------------  -------------  --------------


Operating Loss                                  (426)         (1,998)          (966)         (4,069)

Equity in loss of associated company              (8)              -            (18)              -

Minority Interest                                 (6)            (64)            (7)            (85)

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

Loss before income taxes                        (440)         (2,062)          (904)         (4,154)

Income Taxes                                       -               -              -               -
                                      ---------------  --------------  -------------  --------------

Net Loss                              $         (440)  $      (2,062)  $       (904)  $      (4,154)
                                      ===============  ==============  =============  ==============

Loss per share                        $        (0.04)  $       (0.18)  $      (0.08)  $       (0.37)

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

     See accompanying notes to condensed consolidated financial statements.


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


                                                                                      (Unaudited)
                                                                               For The Six Months Ended
                                                                             -----------------------------
                                                                               June 30,        June 30,
                                                                                 2001            2000
                                                                             -------------  --------------
<S>                                                                          <C>            <C>
Operating Activities:
  Net loss                                                                   $       (904)  $      (4,154)
Adjustments to reconcile net loss to net cash used in operating activities:
  Depreciation                                                                         64              75
  Amortization of goodwill                                                             23             195
  Non-cash expense                                                                    252           1,248
  Minority interest in net income                                                       7              85
  (Gain) loss on disposal of equipment                                                 16              (4)
  Disposition of equipment                                                              -              16
  Property and equipment written off                                                    4               -
  Equity in losses of associated company                                               18               -
  Gain on disposal of investment                                                      (87)              -
  Provision for doubtful accounts                                                      41               -

Changes in Operating Working Capital:
  Accounts receivable                                                                 (58)            273
  Inventories                                                                         103            (152)
  Prepaids and other current assets                                                   498             251
  Accounts payable                                                                   (573)           (485)
  Deferred revenue                                                                    (87)            (12)
  Related company                                                                      (8)              -

                                                                             -------------  --------------
  Net cash used in operating activities                                              (691)         (2,664)
                                                                             -------------  --------------

Investing Activities:
  Acquisition of property and equipment                                               (15)           (219)
  Pro ceeds from disposal of investment                                               (83)
  Proceeds from disposal of equipment                                                  18              18
  Acquired cash in acquisitions                                                         -               6

                                                                             -------------  --------------
  Net cash used in Investing Activities                                               (80)           (195)
                                                                             -------------  --------------

Financing Activities:
  Proceeds from issuance of common stock                                            1,000               -
  Net change in short- term borrowings                                               (362)            362
  Proceeds from minority shareholders                                                   -              11
  Borrowings from (repayments to) directors                                            24            (116)
  Share Application Money received                                                      -           1,100

                                                                             -------------  --------------
  Net cash provided by financing activities                                           662           1,357
                                                                             -------------  --------------

Effect of exchange rate changes on cash                                                 4              (2)
                                                                             -------------  --------------
Decrease in cash and cash equivalents                                                (105)         (1,504)
Cash, beginning of period                                                             141           2,362
                                                                             -------------  --------------
Cash, end of period                                                          $         36   $         858
                                                                             =============  ==============

Supplemental disclosures
  Income taxes paid                                                                     1               7
                                                                             =============  ==============
  Interest paid                                                                         8               7
                                                                             =============  ==============
</TABLE>

     See accompanying notes to condensed consolidated financial statements.


                                        5
<PAGE>
                                  MYWEB INC.COM

                 NOTES TO CONDENSED 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) and Easy2Bid Pte. Ltd.
(a  Singapore  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 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 for complete
financial  statements.

The preparation of financial statements in conformity with accounting principles
generally  accepted  in  the United States 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 CONDENSED 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.

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 CONDENSED 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 represent 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 has been 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 March 31, 2001, shares available for future
awards  under these plans were 1,112.  For the three months and six months ended
June  30,  2001,  the  Company  recognized compensation expenses of $126,000 and
$252,000  respectively,  relating to the intrinsic value at the date of grant of
certain  options.


                                        8
<PAGE>
                                  MYWEB INC.COM

                 NOTES TO CONDENSED 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.  The  Company  is  not  currently  aware  of  any  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 and the Company
anticipates  receiving  such  approval  by  the end of the third quarter of 2001

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 is in the process of submitting the relevant 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 CONDENSED 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:     MANAGEMENT  PLANS

Based  on the current difficult market conditions, we are targeting to breakeven
by  first  half  of  2002. . During the 2000 Period, we expanded our 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 operating
our  portal  services in the emerging markets, we expect to obtain a competitive
edge  over  our  competitors.

We  are  continuing  to  pursue  leads  for  additional potential investors.  We
believe  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.

We  believe  that  our  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  successful listing on the LFX, will be sufficient to
meet  our  working  capital  requirements for the next twelve months.  We do not
expect  to  incur  any  significant  capital  expenditure  in 2001.  In order to
provide for any potential or unanticipated need for additional financing, we are
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.


                                       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  CONDENSED  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 June 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. The
Company  expects to either minimize operating losses or achieve breakeven status
during  2001  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  you  should  not  rely  on  them  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 JUNE 30, 2001 TO THE THREE MONTHS ENDED
JUNE  30,  2000.

Revenues
--------

Revenues  were  $674,000, including $40,000 of interest and other income, in the
three  month  period ended June 30, 2001 (the "2001 Second Quarter") compared to
$1.62  million,  including  $19,000  of  interest and other income, in the three
month  period  ended June 30, 2000 (the "2000 Second Quarter").  The decrease in
revenues  of  $945,000 in the 2001 Second Quarter as compared to the 2000 Second
Quarter  was primarily due to the disposal of Pacific Office Supplies in January
2001.  Revenues  for  the  2001 Second Quarter consisted primarily of e-commerce
transactions  of  $539,000 and set-top box revenue of approximately $51,000.  No
customer  accounted  for  more than 10% of total revenues during the 2001 Second
Quarter.

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

Cost of sales was $531,000  in the 2001 Second Quarter compared to $1.12 million
in  the  2000  Second Quarter. The decrease in cost of sales of 52%  in the 2001
Second Quarter compared to the 2000 Second 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 $569,000 in the 2001 Second Quarter compared to
$2.50  million  in  the  2000  Second  Quarter.  The decrease in total operating
expenses  of  77% in the 2001 Second Quarter compared to the 2000 Second Quarter
was  primarily  attributable  to a decrease in sales and marketing expenses from
$898,000  in the 2000 Second Quarter to $225,000  in the 2001 Second Quarter and
general  and  administration  expenses  from  $1.52  million  in the 2000 Second
Quarter  to  $290,000  in  the  2001  Second  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
Second  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.

General  administration  expenses  decreased 81%  from $1.52 million in the 2000
Second  Quarter to $290,000  in the 2001 Second Quarter.  General administration
expenses  in  the  2001  Second  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 Second
Quarter  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 lower net loss of $440,000  or $0.04  per share for the
2001  Second  Quarter compared to a net loss of $2.06 million or $0.18 per share
for  the  2000  Second  Quarter.  The  decrease  in  net  loss  was  primarily
attributable  to  the  decrease  in  cost  of  revenues,  advertising  and
promotion/marketing  related expenses, especially in the Company's operations in
China  and  Malaysia,  employee  compensation expenses and fees for professional
services.


                                       12
<PAGE>
COMPARISON  OF  THE  SIX MONTHS ENDED JUNE 30, 2001 TO THE SIX MONTHS ENDED JUNE
30,  2000

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

Revenues  decreased  from  $3.04 million, including interest and other income of
$56,000,  in  the  six  month  period ended June 30, 2000 (the "2000 Period") to
$1.38  million, including interest and other income of $53,000, in the six month
period ended June 30, 2001 (the "2001 Period"), a decrease of 55%. 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
$1.10  million  and  set  top box revenue of $160,000. No customer accounted for
more  than  10%  of  total  revenues  during  the  2001  Period.

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

Cost  of  sales decreased from $2.41 million in the 2000 Period to $1.12 million
in  the  2001  Period,  a  decrease  of  53%.  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 74% from $4.70 million in the 2000 Period to
$1.22  million in the 2001 Period.  The decrease was primarily attributable to a
decrease  in  sales and marketing expenses from $1.91 million in the 2000 Period
to $469,000   in the 2001 Period, a decrease of 75% , and general administration
expenses from  $2.44 million in the 2000 Period to $594,000  in the 2001 Period,
a  decrease  of  76%.

Sales and marketing expenses decreased 75% from $1.91 million in the 2000 Period
to  $469,000  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 55%  from $347,000 in the 2000 Period to
$157,000  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 increase in the number of engineers responsible for the product
development  ,  employee  related  expenses  and  stock  compensation  expenses.

General  administration  expenses  increased  76% from $2.44 million in the 2000
Period  to  $594,000  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  $904,000  or $0.08  per share for the 2001
Period  compared  to  net  loss  $4.15  million  or $0.37 per share for the 2000
Period.  The  decrease in net loss was primarily attributable to the decrease in
cost of revenue, advertising and promotion/marketing related expenses especially
in  the  Company's  operations 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  June  30,  2001,  the Company had cash and cash equivalents totaling $36,000
compared  to  $858,000  at  June 30, 2000.  Cash used in operating activities of
$687,000  for  the  six  months ended June 30, 2001 was primarily due to the net
loss  of $549,000  for the 2001 Period. Cash provided by financing activities of
$662,000  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,  we  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, we received an additional
payment  of  $1.0  million  on  January 8, 2001. Subsequently, we have agreed to
permit  Asia  Internet  to defer the payment of the remaining $500,000 until the
issuance  of  until  the  issuance  of  4 million shares of our common stock. We
anticipate issuing the 4 million shares to Asia Internet upon receiving approval
of  our  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 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  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,  we are 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.

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


(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.


                                       15
<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:  August 20, 2001


                                       16
<PAGE>