ChinaNet & Tencent Partner to Host Charity Foundation Event
October 13 2017 - 7:30AM
ChinaNet Online Holdings, Inc. (Nasdaq:CNET) ("ChinaNet" or the
"Company"), an integrated digital advertising, precision marketing,
data-analysis and management services platform, today announced an
update on its previously announced charity foundation event in
partnership with Tencent.
The event hosted by ChinaNet, the China Welfare
Foundation, and Tencent started on September 7, 2017 and raised a
total of 3.16 million RMB in three days. The charity promotes
entrepreneurship and support for college students in creating new
business leading to new employment or entrepreneurship
opportunities for millions. At the same time, the event helps
educate students on the concept of omnichannel marketing supported
by CloudX, a useful tool to help promote their entrepreneurships or
increase marketing efficiencies in future employment opportunities.
This gives ChinaNet access to potential users with education to
help them understand the reality of entrepreneurships and their
future employment through the perspectives of digital advertising
and marketing.
This will be the third inaugural Tencent Charity
Foundation and the first year that ChinaNet and the China Welfare
Fund have partnered to create entrepreneurial activities. Chinese
university graduates in 2017 reached a record high of 7.6 million
people, an increase of 1.6 million over the previous year. The
record number of new graduates has led to a shortage in employment
opportunities. The foundation will help graduates seek employment
as well as provide funding for new businesses. In the past few
years, ChinaNet has been working with the China Welfare Foundation
which has led to the formation of the Quanzhou and Qinghai College
Entrepreneurship Design Competition and the China University
Students Venture Fund.
The amount donated for the event will be
returned to the donors in full by ChinaNet in the form of coupons.
Coupons can be used on all platforms of ChinaNet, including 28.com,
liansuo.com, Zhifuwang.cn, SuperHarbor and ChinaNet Education.
Businesses and entrepreneurs who donated had access to various
services and free training sessions provided by ChinaNet. One
winner will receive the Chinese College Students Employment Support
Unit medal awarded by the China Welfare Foundation.
“ChinaNet is continuously involved in social
responsibility events and has been focusing on helping colleges
students prepare for their careers or their future
entrepreneurship,” said by Mr. Handong Cheng, Chairman and CEO of
ChinaNet “Participating in the Tencent event will further enhance
our sponsorship of college students and future cooperation on
marketing products and analytical tools based on WeChat with
Tencent. This is an exciting trial experience with Tencent and upon
its success, we hope to discover future opportunities
together.”
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.
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 AmericaTed Haberfield, PresidentDirect:
+1-760-755-2716Email: thaberfield@mzgroup.us Web:
www.mzgroup.us
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