QualityStocks would like to highlight ChinaNet Online Holdings, Inc. (NASDAQ: CNET). Founded in 2003 and based in Beijing, PRC, the Company's services include its 28.com portal to connect SME franchisors with new franchisees, Internet advertising and marketing with other value-added communication channels, brand management & sales channel solutions, and cloud-based management tools.
In the company’s news yesterday,
ChinaNet Online Holdings Inc. laid out the plans for its expansion to attract Taiwan-based global franchises. The company also announced its annual participation in the 2011 Taipei International Chain and Franchise Autumn Exhibition held last weekend at the World Trade Exhibition Centre in Taipei, Taiwan.
As ChinaNet strategizes and executes an effective means of international expansion and marketing, the company said it has been accepted as a member of the International Franchise Association (IFA), the world’s oldest and largest organization representing franchising.
It’s an achievement that company chairman and CEO Handong Cheng says will enhance the company’s position in the global marketplace, and open doors for additional opportunities and recognition.
“In 2010, ChinaNet was the first in our industry to establish a presence in Taiwan. We are pleased that efforts to build upon our new relationships have begun to bear fruit and contribute to our revenues as we continue to promote the expansion of Taiwanese franchise enterprises in China. Our growing international presence will be additionally strengthened with our membership in the IFA, which we believe will offer new opportunities for growth,” Cheng stated in the press release.
The company recently participated in the 2011 Taipei International Chain and Franchise Autumn Exhibition, which is the largest business exhibition in Asia, featuring more than 200 hundred brands and attracting 48,000 visitors this year.
ChinaNet’s presence at the Exhibition fueled its efforts to attract foreign franchises to China through the company’s franchise gateway and marketing platforms, 28.com and Liansuo.com.
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Forward-Looking Statement:
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