ChinaNet Online Holdings Announces Strategic Partnership With Jingtum Technology
January 04 2018 - 7:30AM
ChinaNet-Online Holdings, Inc. (Nasdaq:CNET) ("ChinaNet" or the
"Company"), an integrated online advertising, precision marketing
and data-analysis and management services platform, today
announced a strategic partnership with Wuxi Jingtum Network
Technology ("Jingtum" or "Jingtum Technology"), the credible
blockchain ecology builder and announced the expansion into the
blockchain industry and its related technology. Both companies will
utilize their respective advantages and exchange each other's work
together to jointly develop blockchain applications.
Through the contribution of underlying
technologies in the blockchain, Jingtum Technology aims to develop
a new generation of value-based internet technologies in China
helping to upgrade from an information-based network to a
value-based exchange network, establishing a credible ecology and
promoting preparation as Chinese enterprises enter a new era of
digital assets.
Jingtum’s system is a decentralized and
ecologically interactive internet trading network based on
blockchain technology. The system addresses data trust issues
through cryptography and distributed coherency mechanisms while
maintaining rich transactional and contractual features.
This strategic partnership between ChinaNet and
Jingtum is focused on blockchain technology to build a credible,
fair and transparent platform for business opportunities and
transactions. Both companies will aim to develop credible,
traceable, and highly secured blockchain applications for business
entities. Both companies agree that blockchain technology enjoys
extremely large demand in applications for small and medium-sized
enterprises including product traceability, product certification,
disintermediation, customer identification, and brand
communication. The most fundamental value and significance is that
the enterprise brand and reputation can be converted into digital
form and enter the global digital asset trading market for
transactions and circulation. It is believed that the application
of blockchain in the field of business development and marketing
can help SMEs across the world to build a new business ecosystem
based on algorithmic trust.
Mr. Handong Cheng, CEO of ChinaNet-Online,
stated, "With the introduction of blockchain technology, the
platform-centric services in the past will gradually shift towards
decentralization, solving trust issues in business cooperation and
services and enhancing user vitality and stickiness.” Mr. Cheng
continued, “ChinaNet-Online will also gradually shift from
information services to transaction services for business
opportunities to create a multi-industry cross-chain value-based
internet sharing entity. This partnership will help ChinaNet to
further integrate blockchain technology into our CloudX artificial
intelligence and simultaneously create the public chain of
marketing and advertising for small and medium enterprises,
eventually branching out from these areas to gradually cover other
applications such as business transactions payments, education and
training to create a healthy and sustainable business ecosystem and
entrepreneurial environment."
Mr. Yuanwen Wu, CEO of Jingtum Technology, Dean
of the Blockchain Research Institute of WOGC of the United Nations
and Deputy Secretary-general of Zhongguancun Big Data Industry
Alliance said "The application of blockchain technology
specifically tailored for SMEs will create a brand-new world of
value business opportunities."
About ChinaNet-Online Holdings,
Inc.ChinaNet-Online Holdings, a parent company of ChinaNet
Online Media Group Ltd., incorporated in the BVI (ChinaNet), is an
integrated online advertising, precision marketing and
data-analysis and management services platform. ChinaNet provides
prescriptive analysis for its clients to improve business outcomes
and to create more efficient enterprises. The Company leverages an
optimization framework, provided by its comprehensive data-analysis
infrastructure, to blend data, mathematical, and computational
sciences into an outcome management platform for which it monetizes
on a per client basis. ChinaNet uniquely optimizes and prescribes
its clients decision making processes based on its proprietary
ecosystem. For more information,
visit www.chinanet-online.com.
About Wuxi Jingtum Network
TechnologyWuxi Jingtum Network Technology Co., Ltd. is a
high-tech company, located in Wuxi New Area National Software Park
focusing on developing the blockchain technology platform to
provide both business and personal digital asset interconnection,
interflow, sharing, and co-management of technical ecosystem
architecture for enterprises and personal digital assets. Founded
in 2014, Jingtum Technology officially operated in China and
started the business application of blockchain technology in China.
Jingtum's core staff are from top Silicon Valley and Chinese
blockchain technical companies and other key major internet
segments, such as financial, telecommunications, security, and big
data industries. In 2015, Jingtum built the first commercial
application based on blockchain technology in China. Jingtum has
the only blockchain technology in China that has been pilot ran on
large-scale applications with the local government on digital
assets. They are also currently co-founding DAB, www.goetcc.com.
For more information, please log in the website
www.jingtum.com.
Safe HarborThis 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
ZW Data Action Technolog... (NASDAQ:CNET)
Historical Stock Chart
From May 2024 to Jun 2024
ZW Data Action Technolog... (NASDAQ:CNET)
Historical Stock Chart
From Jun 2023 to Jun 2024