ChinaNet Online Holdings Subsidiary Liansuo.com Signs New Customer Haoxiangni Jujube Co., Ltd
April 23 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 its subsidiary Liansuo.com has signed an agreement with
Haoxiangni Jujube Co., Ltd to create a one-stop purchasing service
platform and expand Haoxiangni Jujube's online stores.
"Haoxiangni Jujube is the first China-listed company in the
jujube (red date) industry, and an important client for
Liansuo.com," said George Chu, Chief Operating Officer of ChinaNet
Online Holdings. "Haoxiangni is the largest jujube enterprise in
China and has the most types of Jujube products of its competitors.
The company has nearly 2,000 stores across more than 280 cities.
Liansuo.com will help Haoxiangni create a one-stop purchasing
service platform and expand the online stores through its active
marketing program that includes traditional and online advertising,
trade shows and referrals."
Liansuo.com expected to sign nearly 220 new brand customers, for
a total of 520 customers, or 42% increase over the 298 reported at
the end of 2014. The number of larger customers served by
Liansuo.com has seen steady growth because of the Company's premium
advertising efforts and effective marketing web portal. In 2014,
Liansuo.com signed several high quality and well-known brands
including Pure Fishing Inc., a leading provider of fishing
equipment; Sesame St. English, affiliated with the Sesame Workshop
in the US; and Rongshida, a household appliances brand, with 4,500
stores and 12,000 online stores across the country. These
well-known clients helped to prove the value of Liansuo.com, and
positioned the Company for success in attracting larger and high
quality customers like Haoxiangni Jujube Co. for its services.
About Haoxiangni Jujube Co., Ltd
Haoxiangni Jujube Co., Ltd was founded in 1992 and listed on the
Shenzhen Stock Exchange in 2011, becoming the first domestic listed
company in jujube industry. The Company has 16 wholly-owned
subsidiaries and is the largest Jujube enterprise in China, with
nearly 2,000 stores across more than 280 cities. For more
information, visit www.haoxiangni.cn.
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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