ChinaNet Online Proves New Added Revenue Model With Investment in Beijing Saturday Educational Technology Company
April 21 2015 - 7:30AM
ChinaNet Online Holdings, Inc. (Nasdaq:CNET) ("ChinaNet" or the
"Company"), a leading B2B (business to business) Internet
technology company 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, announced today
that it successfully proven a new revenue model with customers that
includes a cash investment in addition to offering its total
solution of products and services with pilot SME Beijing Saturday
Educational Technology Co., Ltd.
Founded in 2000, "Saturday Children's" theme park (Saturday
Children's) is one of the country's first indoor children's theme
parks and is owned and operated by Beijing Saturday Educational
Technology Co., Ltd. (Beijing Saturday). Saturday Children's
integrated portfolio of children's brands include clothing, theme
parks, games, cartoons, 3D photography, cartoon animation,
children's education and more. Saturday Children's brand is a
vertically integrated operation including R&D, design,
manufacturing, and sales aligned to promote its more than 700
indoor children's theme parks. More information about the company
is available at http://www.xql520.com.cn/.
In the third quarter of 2014 ChinaNet committed a
cash investment for an approximately 10% ownership stake in Beijing
Saturday. It would be ChinaNet's first investment based on the
profitability and market circumstances analysis from our big data
analysis system. ChinaNet cooperated with the company to expand
Saturday Children's theme parks in China. ChinaNet provided Beijing
Saturday full support to enhance Saturday Children's with brand
management, brand channel expansion, marketing and advanced
marketing chain management systems. The Company helped to properly
manage each franchise store through its management system and used
Baidu Wallet to facilitate online payment. ChinaNet is also
currently implementing its new "Business Direct 3.0" service with
Beijing Saturday. The service will use Baidu Direct Reach mobile
platform to attract customers online through mobile search,
accounts, maps, personalized recommendations and other ways to
direct these online attentions to offline stores and create
revenue. More information can be referred to
http://msh.baidu.com/6fHYx1pHm72d. ChinaNet will charge on the
using of the system, O2O advertising fee and transaction fee for
online payment.
Beijing Saturday was chosen as the pilot company to prove the
new revenue model because of its effective management team and
potential. China's theme park industry has exhibited strong growth,
with a 40 percent growth rate in visitor numbers since third
quarter 2014. Chinese children and their families are embracing
theme parks like Saturday Children's with their story telling,
exciting rides, educational programs and branded merchandise.
Saturday Children's focus on third and fourth-tier cities has
helped to create strong demand and it expects to open 600 new parks
in 2015 with the help of ChinaNet.
"More and more high-quality brands are expanding in the Chinese
market through the ChinaNet platform," said George Chu, Chief
Operating Officer of ChinaNet Online Holdings. "Since its
collaboration with ChinaNet, Saturday Children's has opened 300
stores, and the turnover has grown 45%. In partnering with these
types of strong companies, we have also sought opportunities where
our experience and capital strength can assist the business to
expand its market share. With a strategic investment, ChinaNet can
share in the revenue growth to achieve a win-win outcome. After
this initial success, we will continue to focus on the industry's
premier franchise brands and seek investment opportunities with
quality brands that will further enhance ChinaNet's investment
income."
About ChinaNet Online Holdings, Inc.
The Company, a parent company of ChinaNet Online Media Group
Ltd., incorporated in the BVI ("ChinaNet"), is a leading digital
B2B (business to business) Internet technology company focusing on
providing O2O 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: 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
Direct: +1-760-755-2716
Email: thaberfield@mzgroup.us
Web: www.mzgroup.us
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