BEIJING, Feb. 10, 2011 (GLOBE NEWSWIRE) -- ChinaNet Online Holdings, Inc. ("ChinaNet"), (Nasdaq:CNET), a leading full-service B2B media development, and internet technology company for small and medium-sized enterprises ("SMEs") in the People's Republic of China, today announced that it has purchased two privately held advertising agencies for a combined purchase price of approximately $2.5 million, with an estimated payback of approximately three years.
ChinaNet Online Holdings Acquires 2 Advertising Agencies
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