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Stock Market & Financial Investment News

News Breaks
October 11, 2012
07:37 EDTCNETChinaNet Online raises FY12 net income guidance to $3.1M from prior $2.8M
ChinaNet Online Holding announced that the company is raising its 2012 full year net income guidance to $3.1M from $2.8M previously provided. The revised net income guidance does not include any benefits from the proposed acquisition of the remaining 49% equity interest in Sou Yi Lian Mei Network Technology announced on Sept. 17. The increase in our net income guidance reflects both improved expense management as well as a better than expected recovery from 28.com, and growth from Liansuo.com and brand management services and solutions based on our cloud-based marketing platform.
News For CNET From The Last 14 Days
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October 14, 2014
13:04 EDTCNETChinaNet Online rallies after announcing launch of Zero Down Payment Loans
Earlier today, ChinaNet Online announced the launch of Zero Down Payment Loans. The product, targeted toward entrepreneurs, is being offered with Chinese financial services companies Haodai, which offers a credit product search engine, and Yooli China's leading crowdfunding services Web site. ChinaNet is taking a leading role in the Zero Down Payment Loans offering. The product integrates banks, P2P, and security companies with reputable enterprise franchising resources. The service will significantly lower the hurdles that many entrepreneurs face and help them to realize their business objectives. Shares of ChinaNet Online are up almost 49% to $2.03 in midday trading.

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