Today before the opening bell, ChinaNet Online
Holdings announced it plans to expand its efforts to attract new
small-to-medium-sized enterprises in the Fujian province. The announcement
comes at a time when the Provincial Government is rolling out a redevelopment
plan to promote more service-based industries within this region.
Committed to shifting the province’s economy toward
a modern service industry model, the government projects the service economy’s
added value will reach 1 trillion RMB, which would account for more than 42
percent of GDP in the Fujian Province. It was reported most of the service
industry brands are incorporating a franchise development model. ChinaNet looks
to capitalize on these redevelopment plans by expanding its efforts at local
outreach, including attendance at regional events.
ChinaNet has already been busy in increasing its
regional networking efforts. The company’s subsidiary, Liansuo.com is
participating in the Chinese Franchise Exhibition, which was organized by the
Chinese Chain Store & Franchise Association and is being held at the Fuzhou
Strait International Conference & Exhibition Center on November 6-8.
Company COO George Chu commented, “We recognized a
key opportunity for our services with the Fujian Provincial Government’s plan
to bring more franchise and service brands to the region. The government
recognizes that franchising is bringing growth throughout China, having
experienced 50% to 60% growth and according to data from the Ministry of
Finance. We intend to be an important player in this transition, offering our
comprehensive suite of fully integrated advertising, marketing and management
solutions for small to mid-size franchise businesses.”
ChinaNet Online Holdings is a leading
business-to-business Internet technology company providing online-to-offline
sales channel expansion services for small-sized and medium-sized enterprises
and entrepreneurial management and networking services for entrepreneurs in the
People’s Republic of China. Through certain contractual arrangements with
operating companies in the PRC, the company provides Internet advertising and
other services for Chinese small-sized and medium-sized companies via many
sources. These include 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.
For more information, visit: www.chinanet-online.com
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MissionIR is committed to connecting the investment community with companies that have great potential and a strong dedication to building shareholder value. We know our reputation is based on the integrity of our clients and go to great lengths to ensure the companies represented adhere to sound business practices.
Sign up for “The Mission Report” at www.MissionIR.com
Please see disclaimer on the MissionIR website http://www.missionir.com/disclaimer.html
