Last $1.77 USD
Change Today -0.14 / -7.33%
Volume 386.8K
As of 8:10 PM 01/28/15 All times are local (Market data is delayed by at least 15 minutes).

chinanet online holdings inc (CNET) Snapshot

Open
$1.95
Previous Close
$1.91
Day High
$2.02
Day Low
$1.75
52 Week High
09/29/14 - $4.06
52 Week Low
07/18/14 - $0.61
Market Cap
39.7M
Average Volume 10 Days
2.3M
EPS TTM
$-0.20
Shares Outstanding
22.4M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for CHINANET ONLINE HOLDINGS INC (CNET)

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chinanet online holdings inc (CNET) Details

ChinaNet Online Holdings, Inc., through its subsidiaries, provides business-to-businesses Internet services for small and medium enterprises (SMEs) sales networks in the People’s Republic of China. The company operates in five segments: Internet Advertisement, Technical Services, TV Advertisement, Bank Kiosks, and Brand Management and Sales Channel Building. It operates social networking service information platform, including chuangye.com, an information and service portal to assist entrepreneurs in developing their business, as well as sharing their resources in a Web2.0 and SNS2.0 driven interaction. The company also operates Internet advertising and marketing portals comprising 28.com for SMEs to advertise their business information, brands, products, services, and other related business opportunities through their mini-sites, as well as provides campaign management tools; Liansuo.com to serve international and overseas clients; and sooe.cn for smaller sized and emerging SMEs. In addition, it produces and distributes television shows comprising advertisements, infomercials, and promotions for various clients; and operates bank kiosk advertising network, which provide advertising services and Internet access to perform non-cash banking functions, such as transferring money, purchasing annuities and/or insurance, and paying bills. Further, the company offers brand consulting and management and sales channel building and expansion services, including brand investigation, modulization, application, and promotion, as well as sales channel expansion modeling, implementation, and management services. It serves customers in food and beverage, footwear, apparel and garments, cosmetics, health care, home goods and construction material, and environmental protection equipment industries. The company was founded in 2003 and is headquartered in Beijing, the People’s Republic of China.

449 Employees
Last Reported Date: 06/17/14
Founded in 2003

chinanet online holdings inc (CNET) Top Compensated Officers

Founder, Chairman, Chief Executive Officer an...
Total Annual Compensation: $37.4K
Chief Financial Officer, Treasurer and Direct...
Total Annual Compensation: $32.3K
Chief Operating Officer and Secretary
Total Annual Compensation: $31.9K
Compensation as of Fiscal Year 2013.

chinanet online holdings inc (CNET) Key Developments

ChinaNet Online Holdings, Inc. Announces Launch of Business Direct 3.0 in Cooperation with Baidu Direct Reach of Baidu

ChinaNet Online Holdings, Inc. announced the launch of Business Direct 3.0 in cooperation with Baidu Direct Reach of Baidu. Business Direct 3.0 is a technically marked-up service based on the Baidu Direct Reachmobile platform for traditional service enterprises, which is centered on mobile search, accounts, maps, personalised recommendations and other ways for customers to direct Reach Marketing services. The introduction of Business Direct 3.0 provides an opportunity for the traditional service industry to transit to the mobile Internet, helping companies and their sublets attain new users, and providing users with a better service experience. The service will also provide mobile enterprise solutions, allowing users direct access to businesses in the mobile terminal service, making online users into offline customers. ChinaNet expects this underdeveloped market will reach a potential market size of USD 12 billion or more. Business Direct 3.0 will complete a full information cycle from B2b2c, making businesses marketing more direct, effective and easier. Through third quarter of 2015 they will be launching with selected clients to ensure faster penetration in the future. The new service was announced on January 25, 2015 at a ChinaNet New Product Release Conference & SMEs Industry Developments & Trends Forum in Beijing at the Xiangshan Yihe Hotel.

ChinaNet Online Holdings, Inc. Appoints Qiu Chang as Independent Director

ChinaNet Online Holdings, Inc. announced that the Board of directors has appointed Mr. Qiu Chang as an independent director. Mr. Chang is currently a Principal with Sansar Capital focused on special investment opportunities in TMT and healthcare industries and board directors for several organizations.

ChinaNet Online Holdings Signs Partnership Deal with MediaFun Creative

ChinaNet Online Holdings announced it has signed a long-term strategic partnership agreement with MediaFun Creative. Under the terms of the deal, CNET will help MediaFun expand its "B2b2c market sales marketing." MediaFun will share its cloud-printing technology to help individuals utilize their print services throughout the Chinese market. The two companies intend to share in profits and commissions under a joint-venture agreement.

 

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Valuation CNET Industry Range
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Price/Sales 1.2x
Price/Book 1.0x
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TEV/Sales 1.0x
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