ChinaNet Online receives extension to regain compliance with NASDAQ ChinaNet Online Holdings announced that on June 30, NASDAQ granted an exception to enable the company to regain compliance with NASDAQ's filing requirements set forth in Listing Rules 5250(c)(1). The company must file the Form 10-Q for the period ended March 31, as required by the Rule on or before July 31.
ChinaNet Online announces microcredit lending partnership with Shanghai Pudong ChinaNet Online announced that it has entered into a partnership with Shanghai Pudong Development Bank for a cooperation framework to launch a credit card and loan microcredit product for small enterprises and individual entrepreneurs including franchisees and chain store investors. A nationwide commercial bank with total assets of over RMB 3.96T as of September, 2014, SPD Bank and ChinaNet will cooperate to provide a safe, convenient, and transparent service for franchise businesses and entrepreneurs to help solve the difficulties of micro-lending for those often excluded from financial services. The new product is now in the design and finalization process, and will be officially launched by Q3.