Business
ChinaNet Online Holdings Provides Update on COVID-19 Outbreak Relief Measures for Companies
BEIJING, March 10, 2020 (GLOBE NEWSWIRE) -- ChinaNet Online Holdings, Inc. (Nasdaq: CNET) ("ChinaNet" or the "Company"), an integrated online advertising,
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[{"type":"text","content":"BEIJING, March 10, 2020 (GLOBE NEWSWIRE) -- ChinaNet Online Holdings, Inc. (Nasdaq: CNET) (\"ChinaNet\" or the \"Company\"), an integrated online advertising, precision marketing, and data analysis and management platform company, today provided an update on the relief measures that it is currently implementing in support of those companies impacted by the COVID-19 outbreak in China. These relief measures are expected to help those companies to combat the negative impacts of the COVID-19 outbreak on their businesses and support small and medium enterprises (“SMEs”) throughout the country to stabilize their workforce.\n The Company's relief measures include the following: 1. Special service discountsChinaNet is providing services to the impacted companies at a discounted rate to help them set up their online infrastructure and expand their online business capabilities. The launch of the Company’s new DApp, BO!News, will also utilize the Company’s other existing marketing and advertising services, such as 28.com, Liansuo.com, and CloudX, to provide additional service bundles free of charge. These service bundles are expected to enable the Company’s loyal customers to better identify, target, and manage specific customer groups while improving the performance of their marketing and advertising spending. 2. Online streaming toolsChinaNet is offering a diversified suite of online streaming tools to enable smooth and efficient remote communication. The Company continues to broaden its offerings to address the online communication demands of different companies. The Company also plans to start providing online streaming tools to businesses that enable remote interactions with customers and leverage blockchain technology to ensure that all discussions are transparent and substantiated in the case of any potential future disputes. Additionally, these solutions are also expected to help businesses to conduct larger amounts of business transactions online and enhance their relationships with end users through better fraud control, faster speeds, and fewer hidden fees. With more trust between parties, businesses will be able to significantly scale up the frequency of their transactions. The Company also plans to embed its partners’ AI facial technology into these tools to help businesses more precisely identify their target customers throug...