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 (date of earliest event reported): May 16, 2005

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

                                    DELAWARE
                 (State or other jurisdiction of incorporation)

             000-24985                              91-2118007
      (Commission File Number)          (IRS Employer Identification No.)

                  601 NEW BRIGHT BUILDING, 11 SHEUNG YUET ROAD,
                         KOWLOON BAY, KOWLOON, HONG KONG
         --------------------------------------------------------------
              (Address of principal executive offices and zip Code)


                                011-852-2876-2900
         --------------------------------------------------------------
               (Registrant's telephone number including area code)


Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A2. below):

[ ]  Written communications pursuant to Rule 425 under the Securities Act (17
     CFR 230.425)

[ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
     240.14a-12)

[ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))

[ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e-4(c))



ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION

     On May 16, 2005 PacificNet Inc. (the "Company") issued a press release
containing certain preliminary financial results for its first quarter ended
March 31, 2005. A copy of the Company's earnings press release is furnished as
Exhibit 99.1 to this Current Report on Form 8-K. Such financial results are
unaudited and are subject to adjustment.

     The information in this Report, including the exhibit, shall not be deemed
to be "filed" for the purposes of Section 18 of the Securities Exchange Act of
1934, as amended, or otherwise subject to the liabilities of that Section. It
shall not be deemed incorporated by reference in any filing under the Securities
Act of 1933, as amended, except as shall be expressly set forth by specific
reference in such a filing.

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS

     (c)  Exhibits

   Exhibit No.      Description
   -----------      -----------

     99.1           Press release dated May 16, 2005 announcing PacificNet
                    Inc.'s financial results for its first quarter ended March
                    31, 2005.


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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.

Date: May 16, 2005                            By: /s/ TONY TONG
                                              -----------------
                                              Tony Tong
                                              Chief Executive Officer




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                                  EXHIBIT INDEX

   Exhibit No.      Description
   -----------      -----------

     99.1           Press release dated May 16, 2005 announcing PacificNet
                    Inc.'s financial results for its first quarter ended March
                    31, 2005.




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