ChinaNet Online Holdings' Liansuo.com Launches New Cloud-Based Service System
October 12 2012 - 7:30AM
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 businesses (so-called small and
medium-sized enterprises ("SMEs") in China) and entrepreneurial
management and LINK services for entrepreneurs in the People's
Republic of China, today announced that its operating unit for
medium and large franchises – Liansuo.com – introduced a new
cloud-based software system that allows businesses and existing and
potential sales channel partners to communicate with each other
more efficiently.
Quick Connect, its new software co-developed by ChinaNet and
ChinaNet's partners, allows new and existing sales channel partners
to reach businesses to more efficiently communicate with one
another by converting all incoming calls to a toll free telephone
number starting with the "400" prefix to the party they are trying
to reach. Quick Connect also keeps a detailed log of all incoming
calls that businesses can port into their customer relations
management ("CRM") database to track every sales lead. Management
expects the new cloud-based software system to drive additional
spending for value-added services on Liansuo.com.
Mr. George Chu, COO of ChinaNet, said, "We developed a simple,
cost effective way for small business customers to increase their
client conversion rates. Most small businesses cannot afford to buy
expensive CRM software. As a result of not maintaining an updated
log of communications with potential clients and business partners,
many small businesses lose sales they otherwise would have
captured. A few Liansuo.com clients that have implemented Quick
Connect have seen their conversion rates increased by 11% to 17%
within a month. We plan to roll this product out to four million
small and franchise business owners nationwide over the next few
months. This new product will help augment the growth rate of
Liansuo.com in the months ahead."
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 businesses (or so-called small and medium-sized
enterprises (SMEs) in China) and entrepreneurial management and
LINK 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
small businesses via its portal websites, 28.com, Liansuo.com and
Chuangye.com (for entrepreneurs' Linking services), TV commercials
and program production via China-Net TV, and in-house LCD
advertising on banking kiosks targeting Chinese banking patrons.
Website: http://www.chinanet-online.com.
Safe Harbor
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
laws.
CONTACT: MZ North America
Ted Haberfield, President
Tel: +1-760-755-2716
Email: thaberfield@mzgroup.us
Web: www.mzgroup.us
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