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



                                    FORM 8-K


                                 CURRENT REPORT

                       PURSUANT TO SECTION 13 OR 15(d) OF
                        THE SECURITIES EXCHANGE ACT 1934

                         DATE OF REPORT: AUGUST 8, 2003

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


                                PACIFICNET, INC.
             (Exact name of registrant as specified in its charter)

            DELAWARE                                  11-2854355
(State or other jurisdiction of             (I.R.S. Employer Identification No.)
incorporation or organization)

                                    000-24985
                            (Commission File Number)


                          UNIT 3714-15, HONG KONG PLAZA
                       188 CONNAUGHT ROAD WEST, HONG KONG
                                011-852-2876-2900
    (Address, including zip code, and telephone number, including area code,
                  of registrant's principal executive offices)





ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS

         (c) Exhibits

         99.1 Press Release dated August 8, 2003 - PacificNet Reports First Ever
Profit in Q2, 2003


ITEM 12. REGULATION FD DISCLOSURE

         On August 8, 2003, the Company issued a press release announcing its
results of operations and financial condition for the three and six months ended
June 30, 2003. The full text of the press release is set forth in Exhibit 99.1
attached hereto.

         Information contained in this report (including exhibits hereto) shall
not be deemed "filed" for purposes of Section 18 of the Exchange Act of 1934, as
amended, or otherwise subject to the liability of that section and shall not be
deemed incorporated by reference in any filing under the Securities Act of 1933,
as amended, or the Exchange Act of 1934, as amended.



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                                   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 hereunto duly authorized.

                                       PACIFICNET, INC.

                                       By: /s/ Tony Tong
                                           -------------------------------------
                                           Tony Tong
                                           Chief Executive Officer and President


                                       By: /s/ Shao Jian Wang
                                           -------------------------------------
                                           Shao Jian Wang
                                           Chief Financial Officer


Dated: August 13, 2003




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