ChinaNet Online Holdings, Inc. is a holding company that conducts its primary businesses through its subsidiaries and operating entities (the variable interest entities (VIEs)). The Company is a business-to-businesses (B2B), integrated Internet technology company providing online-to-offline (O2O) sales channel expansion, precision marketing and the related data services for small and medium-sized enterprises, and entrepreneurial management and networking services for entrepreneurs in the People's Republic of China. Its segments include Internet advertising and TV advertising. Its services include preparing and publishing media enabled advertising and marketing campaigns for clients on the Internet, mobile phone, television and other communication channels; hosting mini-sites with online messaging and consulting functionalities; providing search engine marketing services; providing data services, and providing social networking and information sharing services to entrepreneurs.
Another crypto play. All they did was announce a partnership to develop apps. LOL Chinanet Online Holdings Inc’s (CNET) Move Into the Blockchain Space Sends Shares Into Frenzy [email protected] (Ben Mahaney) , SmarterAnalyst•January 4, 2018 <img class="StretchedBox W(100%) H(100%) ie-7_H(a)" src="https://s.yimg.com/bt/api/res/1.2/TjDhimMdwI0X38owrTRghQ--/YXBwaWQ9eW5ld3M7c209MTt3PTE1NTtoPTE1NQ--/http://media.zenfs.com/en-US/homerun/smarteranalyst_347/6c20845cd53654dea554c5c45119207e" itemprop="url"/> CNET) with shares up over 160%, making the stock Wall Street's bull of the day. The reason? The Chinese internet technology firm announced a strategic partnership with Wuxi Jingtum Network Technology, the credible blockchain ecology builder and announced the expansion into the blockchain industry and its related technology. Both companies will utilize their respective advantages and exchange each other's work together to jointly develop blockchain applications. Through the contribution of underlying technologies in the blockchain, Jingtum Technology aims to develop a new generation of value-based internet technologies in China helping to upgrade from an information-based network to a value-based exchange network, establishing a credible ecology and promoting preparation as Chinese enterprises enter a new era of digital assets. Jingtum’s system is a decentralized and ecologically interactive internet trading network based on blockchain technology. The system addresses data trust issues through cryptography and distributed coherency mechanisms while maintaining rich transactional and contractual features. This strategic partnership between ChinaNet and Jingtum is focused on blockchain technology to build a credible, fair and transparent platform for business opportunities and transactions. Both companies will aim to develop credible, traceable, and highly secured blockchain applications for business entities. Both companies agree that blockchain technology enjoys extremely large demand in applications for small and medium-sized enterprises including product traceability, product certification, disintermediation, customer identification, and brand communication. The most fundamental value and significance is that the enterprise brand and reputation can be converted into digital form and enter the global digital asset trading market for transactions and circulation. It is believed that the application of blockchain in the field of business development and marketing can help SMEs across the world to build a new business ecosystem based on algorithmic trust. Mr. Handong Cheng, CEO of ChinaNet-Online, stated, "With the introduction of blockchain technology, the platform-centric services in the past will gradually shift towards decentralization, solving trust issues in business cooperation and services and enhancing user vitality and stickiness.” Mr. Cheng continued, “ChinaNet-Online will also gradually shift from information services to transaction services for business opportunities to create a multi-industry cross-chain value-based internet sharing entity. This partnership will help ChinaNet to further integrate blockchain technology into our CloudX artificial intelligence and simultaneously create the public chain of marketing and advertising for small and medium enterprises, eventually branching out from these areas to gradually cover other applications such as business transactions payments, education and training to create a healthy and sustainable business ecosystem and entrepreneurial environment." Mr. Yuanwen Wu, CEO of Jingtum Technology, Dean of the Blockchain Research Institute of WOGC of the United Nations and Deputy Secretary-general of Zhongguancun Big Data Industry Alliance said "The application of blockchain technology specifically tailored for SMEs will create a brand-new world of value business opportunities." ChinaNet Online is engaged in the provision of media development and advertising platforms. It operates through the following segments: Internet Advertisement, Technical Service, (Television) TV Advertisement, Bank Kiosk, and Brand Management and Sales Channel Building. '>ChinaNet Online is engaged in the provision of media development and advertising platforms. It operates through the following segments: Internet Advertisement, Technical Service, (Television) TV Advertisement, Bank Kiosk, and Brand Management and Sales Channel Building.
