This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

ChinaNet Online Holdings To Expand Into Taiwan; Company To Participate At The Taipei International Chain And Franchise Autumn Exhibition

BEIJING, Sept. 14, 2010 (GLOBE NEWSWIRE) -- ChinaNet Online Holdings, Inc. ("ChinaNet"), (Nasdaq:CNET), a leading full-service media development, and internet technology company for small and medium-sized enterprises (SMEs) in the People's Republic of China ("China"), today announced that the Company will participate in the 2010 Taipei International Chain and Franchise Autumn Exhibition to be held September 17 - 20 at the World Trade Exhibition Centre in Taipei, Taiwan.

"Our attendance at the Exhibition marks our strategic expansion into Taiwan, and is part of our overall strategy to attract foreign franchises to China through our flagship franchise gateway and marketing platform, 28.com," stated Mr. Handong Cheng, Chairman and CEO of the Company.  "With our rich promotion experience and understanding of the China domestic market, along with new premium services we have added to our product portfolio, including brand management and search engine marketing, ChinaNet will help to facilitate the expansion of Taiwanese franchise enterprises in China."

The Exhibition, hosted by the Taiwan Chain and Franchise Association, is the largest franchise business exhibition in Asia with over two hundred brands in attendance.  ChinaNet has built an Internet media reporting platform on 28.com for the event.  A professional editorial and TV production team will be sent to Taiwan for reporting.

ChinaNet will initially offer a series of premium brand services to franchise owners in Taiwan by adding at least 5 initial customers.

Timing for the expansion was aided in part by the signing of the Economic Cooperation Framework Agreement (ECFA) between mainland China and Taiwan in June, which aims to reduce tariffs and commercial barriers between the two sides. ChinaNet has taken the lead to represent the franchise marketing and promotion business for SME's in Taiwan, and hopes to strengthen the communication between Taiwan and mainland China, promoting the development of both sides and facilitating cross-strait economic cooperation.  The Company will share more detailed plans regarding its expansion into Taiwan later this year.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,279.74 +13.75 0.08%
S&P 500 2,010.40 -0.96 -0.05%
NASDAQ 4,579.7870 -13.6380 -0.30%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs