6-K

                                    FORM 6-K
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                        Report of Foreign Private Issuer


                        Pursuant to Rule 13a-16 or 15d-16
                     of the Securities Exchange Act of 1934


For the month of December, 2002

                     ASIACONTENT.COM, LTD. (In liquidation)
                 (Translation of registrant's name into English)

                                 18/F MLC TOWER
                              248 QUEEN'S ROAD EAST
                               WAN CHAI, HONG KONG
                    (Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F.

                           Form 20-F |X| Form 40-F |_|

Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1): |_|

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a
Form 6-K if submitted solely to provide an attached annual report to security
holders.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7): |_|

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a
Form 6-K if submitted to furnish a report or other document that the registrant
foreign private issuer must furnish and make public under the laws of the
jurisdiction in which the registrant is incorporated, domiciled or legally
organized (the registrant's "home country"), or under the rules of the home
country exchange on which the registrant's securities are traded, as long as the
report or other document is not a press release, is not required to be and has
not been distributed to the registrant's security holders, and, if discussing a
material





event, has already been the subject of a Form 6-K submission or other Commission
filing on EDGAR.

Indicate by check mark whether by furnishing the information contained in this
Form, the registrant is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

                                 Yes |_| No |_|





                                  Exhibit Index

Exhibit                 Description of Exhibit                      Page

1.                      Press Release                               5





Press Release

The Registrant issued a press release dated December 24, 2002 announcing that
the Registrant's Joint Venture with DoubleClick International Internet
Advertising Limited intends to make business changes. The press release is
attached as Exhibit 1 and incorporated herein by reference.





                                   SIGNATURES

      Pursuant to 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, thereunto duly authorized.

Dated: December 27, 2002

                                          ASIACONTENT.COM, LTD (In liquidation)
                                                      (Registrant)


                                          By:  /s/ BDO International
                                              ---------------------------------
                                          BDO International
                                          Liquidator

EX-1

                                                                       Exhibit 1

Asiacontent.com and MTV Networks Announce Termination of Joint Venture

Hong Kong/New York, December 24, 2002 - Asiacontent.com, Ltd. (OTC BB: IASIF.OB)
(the "Company") today announced that it had reached agreement with MTV Networks,
its joint venture partner, to terminate the parties' joint venture. The joint
venture, Asia On-Line Entertainment, Ltd., has provided on-line promotions to
youth in Korea, China, Taiwan, Southeast Asia and India since 2000. MTV Networks
is a division of Viacom International, Inc.

Pursuant to the agreement between the Company and MTV Networks, MTV Networks
will transfer its shares in the joint venture to the Company. The joint venture
entity will then enter voluntary liquidation in its jurisdiction of
incorporation. Closing on the share transfer, and the entry of the joint venture
entity into voluntary liquidation, are expected to occur within the next several
weeks.

After the closing of the share transfer, BDO International, the Company's
liquidator, expects to deliver a progress report to shareholders concerning the
status of the liquidation.

As previously announced, the Company commenced voluntary winding up and
liquidation on July 10, 2002.

- --------------------------------------------------------------------------------

This release contains forward-looking statements with respect to the Company's
joint venture with MTV and the Company's liquidation and dissolution. Factors
that may cause actual results to differ materially from these forward-looking
statements include the following: a failure to complete the transfer of joint
venture shares, amounts to be realized in connection with the sale of the
Company's assets, the ability of the Company to effect an orderly wind down of
its operations, the possible delay in implementation or termination of the plan
of liquidation and dissolution, the timing and amount of payments to members,
the effect of litigation in which the Company is involved and unknown
liabilities which may be asserted in connection with the liquidation. Please
refer to the Company's Annual Report on Form 20-F for the fiscal year ended
December 31, 2001 and the Company's other filings with the SEC from time to
time, for a description of certain additional factors which may cause results to
differ materially from those indicated by these forward-looking statements.