ChinaNet Online Holdings to Promote Entrepreneurship in Shandong
BEIJING, Dec. 18, 2013 (GLOBE NEWSWIRE) -- ChinaNet Online Holdings, Inc.
(Nasdaq:CNET) (the "ChinaNet" or "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 its
subsidiary Liansuo.com is partnering with Youth Business China (YBC) and Jinan
Chain Store and Franchise Association to help young entrepreneurs in China
launch their projects in Shandong Province.
Liansuo.com with YBC and Jinan China Store and Franchise Association will set
up a platform for prospective entrepreneurs to access information regarding
franchising, agency management, partnerships and networking. Any franchise
business that would like to increase their presence in Shandong can be
recommended or introduced through the platform. A panel of experts from
ChinaNet and YBC experts ChinaNet will review each project and recommend a
select number to the YBC to provide the chosen entrepreneurs with seed funding
and mentoring services.
Youth Business China is a joint initiative formed by the Central Communist
Youth League and the All-China Federation of Industry and Commerce, and the
former Ministry of Labor and Social Security to promote and support education
among young entrepreneurs in China. As a public welfare program, YBC provides
resources to young entrepreneurs, including mentoring and financial support.
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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