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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. operates a one-stop services for its clients on its integrated service platform, including Omni-channel advertising and marketing system, CloudX and data analysis management system. Co.'s products and services are: Internet advertising and marketing and related data and services, which include 28.com for information relating to small business opportunities in China and liansuo.com etc. for customers to invest in their online advertising and marketing campaign; and television advertising, which produces and distributes television shows that comprises 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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