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Slide #35. ChinaNet Online Holdings, Inc. — Sou Yi Lian Mei Network Technology (Beijing) Co.
ChinaNet Online Holdings, Inc. (NASDAQ:CNET)
Sou Yi Lian Mei Network Technology (Beijing) Co.
ChinaNet Online Holdings, Inc. announced that it will purchase the remaining 49% of the equity interest in Sou Yi Lian Mei Network Technology (Beijing) Co. Ltd. ("SouYi") for approximately $6.5 million in cash.
ChinaNet Online Holdings is a holding company. Through its subsidiaries and operating entities, Co. primarily operates a one-stop services for its clients on its integrated service platform, primarily including Omni-channel advertising and marketing system, CloudX and data analysis management system. Co.'s products and services consist of: Internet advertising and marketing, which provide information relating to small business opportunities in China and enable its customers to invest in their online advertising and marketing campaign; and television advertising, which has produced and distributed television shows that were comprised of advertisements similar to infomercials.
Open the CNET Page at The Online Investor »
Hold (2.00 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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