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ChinaNet Online Holdings, Inc. (CNET) Announces Expansionary Plans in Fuijan Province in Conjunction with Gov’t Redevelopment Action Plan
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
