BcInvestmentDueDiligenceAssessment23December1999Z5112OSFbcSNGDisclaimerTheinvestmentopportunitydescribedbelowhasnotbeenrecommendedorapprovedbyBain&Company,Inc.oranyofitssubsidiaries.Norepresentationorwarrantyismadeastotheaccuracyorcompletenessoftheinformationcontainedinthismemorandum.OliverStrattonandJimHildebrandtaredistributingthismemorandumintheirindividualcapacitiesandnotasrepresentativesofBain&Company,Inc.oranyofitssubsidiaries.Anyinvestmentin51net.comwillnotbeguaranteedbyBain&Company,Inc.oranyofitssubsidiaries.Z5112OSFbcSNGAgendaExecutiveSummaryDetailedBusinessAssessmentUSMarketBenchmarksChinaMarketDynamics51net.comFinancialsZ5112OSFbcSNGSummaryInvestmentEvaluationAttractiveonlinerecruitmentmarketspaceinChinawithhighgrowthpotentialDifferentiatedclick-and-mortarbusinessmodel(onlineandnewspaper)witha16mont