BEIJING, Oct. 30, 2013 (GLOBE NEWSWIRE) -- ChinaNet Online Holdings, Inc. (Nasdaq:CNET) (the "Company"), a leading B2B (business to business) Internet technology company focusing on 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, today announced that it will help promote Joy Paradise in Huailai, Hebei Province to consumers and businesses. Joy Paradise is one of the largest retail shopping centers under construction in Hebei Province. Located approximately 1,200 kilometers from Beijing, the state-of-the-art complex will span over 160,000 square feet, with close to 300 retail and entertainment shops and restaurants. Joy Paradise is scheduled to open by August, 2014. ChinaNet will introduce this new commercial center to clients who are interested in establishing a retail location in Huailai. With its headquarters in Beijing and relationships with thousands of small and medium sized enterprises (SMEs), including hundreds of retailers, 28.com will be a valuable marketing partner for Joy Paradise. About ChinaNet Online Holdings, Inc. The Company, a parent company of ChinaNet Online Media Group Ltd., incorporated in the BVI ("ChinaNet"), is a leading B2B (business to business) Internet technology company focusing on providing O2O (online to offline) 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.
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