ChinaNet Online Holdings Launches New Mobile Apps
BEIJING, Dec. 10, 2012 (GLOBE NEWSWIRE) -- ChinaNet Online Holdings, Inc.
(Nasdaq:CNET) (the "Company"), a leading B2B (business to business) Internet
technology company focusing on providing online-to-offline ("O2O") sales
channel expansion services for small and medium-sized enterprises ("SMEs") and
entrepreneurial management and networking services for entrepreneurs in the
People's Republic of China, today announced that its subsidiary, Flying Cloud,
will launch two new mobile applications, or "apps," for sales and management
services (www.feitengyun.com) in December 2012. In addition, Flying Cloud will
update its new products website in the first quarter of 2013.
"We are excited to formally launch the first mobile apps under Flying Cloud,"
explained George Chu, Chief Operating Officer of ChinaNet. "After conducting
three months of testing with 26 clients in the retail industry, these products
have performed extremely well. Small and medium sized businesses can easily
implement these apps to reduce costs and improve productivity."
Developed through an internal collaboration between ChinaNet and its technical
teams from Taiwan and the U.S., Flying Cloud is a cloud-based business
platform designed specifically for small and medium sized businesses (SMBs).
Through four cloud-based sub-platforms, sales cloud, supply cloud, management
cloud and service cloud, Flying Cloud allows businesses to customize services
to the needs of SMBs across a variety of industries. These mobile apps
represent a new strategy to introduce new products that are easier and more
convenient for users to adopt. ChinaNet will initially introduce basic
functions in these mobile apps before integrating them into larger and more
Additionally, these mobile apps are consolidated into four major service
platforms that users can view through one single management system and
interface. The mobile apps include functions such as a retail sales assistance
with product QR code recognition and verification systems for the sales cloud,
an inventory assistant with the same QR code recognition and verification
systems for the supply cloud, and an internal expense reimbursement assistant
for the management cloud. Users can view the individual and consolidated
reports anytime, anywhere through any mobile device.
About ChinaNet Online Holdings, Inc.
The Company, a parent company of ChinaNet Online Media Group Ltd.,
incorporated in the BVI ("ChinaNet"), is a leading B2B (business to business)
Internet technology company focusing on providing O2O (online to offline)
sales channel expansion service for small and medium-sized enterprises (SMEs)
and entrepreneurial management and networking service for entrepreneurs in
China. The Company, through certain contractual arrangements with operating
companies in the PRC, provides Internet advertising and other services for
Chinese SMEs via its portal websites, 28.com, Liansuo.com and Chuangye.com, TV
commercials and program production via China-Net TV, and in-house LCD
advertising on banking kiosks targeting Chinese banking patrons. Website:
This release contains certain "forward-looking statements" relating to the
business of ChinaNet Online Holdings, Inc., which can be identified by the use
of forward-looking terminology such as "believes," "expects," "anticipates,"
"estimates" or similar expressions. Such forward-looking statements involve
known and unknown risks and uncertainties, including business uncertainties
relating to government regulation of our industry, market demand, reliance on
key personnel, future capital requirements, competition in general and other
factors that may cause actual results to be materially different from those
described herein as anticipated, believed, estimated or expected. Certain of
these risks and uncertainties are or will be described in greater detail in
our filings with the Securities and Exchange Commission. These forward-looking
statements are based on ChinaNet's current expectations and beliefs concerning
future developments and their potential effects on the Company. There can be
no assurance that future developments affecting ChinaNet will be those
anticipated by ChinaNet. These forward-looking statements involve a number of
risks, uncertainties (some of which are beyond the control of the Company) or
other assumptions that may cause actual results or performance to be
materially different from those expressed or implied by such forward-looking
statements. ChinaNet undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise, except as may be required under applicable securities
CONTACT: MZ North America
Ted Haberfield, President
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