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, Baidu announce service partner agreement ChinaNet Online (CNET) announced it has entered a service partner agreement with Baidu (BIDU) to cross-sell branded services and products in conjunction with the Company's "Business Direct 3.0" and Baidu's Baidu Direct Reach. The service partner agreement, with power of attorney authorized by Baidu, allows ChinaNet to resell any related Baidu Direct Reach service with the Baidu name and conversely allows Baidu to leverage the ChinaNet brand and Business Direct 3.0 name, products and services. ChinaNet will now be positioned within Baidu's service provider ecosystem of internet and mobile products.