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 March, 2003
Commission File Number 000-30674

                     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 |_|


                                       2


                                  Exhibit Index

Exhibit                    Description of Exhibit                      Page
- --------------------------------------------------------------------------------
1.                              Press Release                            6


                                       3


Press Release

The Registrant issued a press release dated March 17, 2003 announcing it had
distributed a report to its shareholders concerning the progress of the
Registrant's voluntary liquidation and that it will make an initial distribution
to shareholders. The press release is attached as Exhibit 1 and incorporated
herein by reference.


                                       4


                                   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: March 17, 2003

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

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


                                        5

EX-1

                                                                       Exhibit 1

Asiacontent.com Announces Distribution to Shareholders

Hong Kong/New York, March 17, 2003 - Asiacontent.com, Ltd. (OTC BB: IASIF.OB)
(the "Company") today announced that it had distributed a report to the
Company's shareholders concerning the progress of the Company's voluntary
liquidation and that it will make an initial distribution to shareholders.

The Company will make an initial distribution of $1.46 per share to shareholders
of record as of July 10, 2002, the date that the Company share register was
closed upon the filing of the Plan of Dissolution. This amount represents
approximately 85 percent of the currently estimated net assets of the Company
available for distribution.

The distribution will be effected by the Bank of New York, the company's
distribution agent, and is expected to take place on or about April 4, 2003.

An estimated final distribution of $0.26 per share to members will be made upon
completion of the liquidation, which the Company expects to occur by July 2004.
However, this estimate is subject to change. Events which could cause the
Company to change its estimate include amounts realized by collection of
book debts, the progress of the liquidation, any litigation in which the Company
is involved and unknown liabilities.

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
liquidation and dissolution. Factors that may cause actual results to differ
materially from these forward-looking statements include the following: 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 Company's plans of liquidation and
dissolution, the timing and amount of payments to shareholders, 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.


                                       6