BEIJING, April 1, 2015 (GLOBE NEWSWIRE) -- 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 its operating subsidiary, Liansuo.com, participated in "Sourcing Taiwan 2015," an event held at Taipei World Trade Centre Nangang Exhibition Hall on April 1st, 2015.
Taiwan is now one of the leading suppliers of technologically advanced products to the global market including electronics, IT components, semiconductors, photovoltaic application products, and car electronics. Sourcing Taiwan 2015 is organized by the Bureau of Foreign Trade and executed by the Taiwan External Trade Development Council (TAITRA) to serve as a trade link between global buyers and top-rated Taiwanese suppliers. The event brings opportunities to buyers worldwide to source, purchase and help Taiwan suppliers to expand their global market. Liansuo.com was invited to the event by TAITRA to introduce its sales channel expansion services and help Taiwanese suppliers explore the Chinese market.
"We are very excited that Liansuo.com was invited to Sourcing Taiwan 2015," said George Chu, Chief Operating Officer of ChinaNet Online Holdings. "Our cooperation with Mediafun in Taiwan has demonstrated our precision marketing capabilities for our customers based on sales results and our cost-efficient solutions for expanding sales channels in China for domestic and foreign enterprises. We believe that with our experience and influence in the SMEs market, we are able to help many high quality Taiwan SMEs to expand their business to the mainland market. In addition, through this kind of cooperation, we are exploring an alternative revenue model for the future: revenue sharing based on successful results."
The event is expected to attract more than 1,200 suppliers and have more than 6,000 meetings.
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.
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.