ChinaNet Online Holdings, Inc. (NASDAQ:CNET) Files An 8-K Other Events
Item 8.01. Other Events.
On June 26, 2019, ChinaNet Online Holdings, Inc. (the “Company”) and Infinity Global Fund SPC-Infinity-Leadway TMT Fund SP entered into a letter of intent (the “LOI”) to provide funding to the Company for its existing operation and future expansion. The LOI is filed as Exhibit 99.1 to this Current Report and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
| 99.1 | Letter of Intent, dated June 26, 2019. |
ChinaNet Online Holdings, Inc. Exhibit
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About ChinaNet Online Holdings, Inc. (NASDAQ:CNET)
ChinaNet Online Holdings, Inc. is a holding company that conducts its primary businesses through its subsidiaries and operating entities (the variable interest entities (VIEs)). The Company is a business-to-businesses (B2B), integrated Internet technology company providing online-to-offline (O2O) sales channel expansion, precision marketing and the related data services for small and medium-sized enterprises, and entrepreneurial management and networking services for entrepreneurs in the People’s Republic of China. Its segments include Internet advertising and TV advertising. Its services include preparing and publishing media enabled advertising and marketing campaigns for clients on the Internet, mobile phone, television and other communication channels; hosting mini-sites with online messaging and consulting functionalities; providing search engine marketing services; providing data services, and providing social networking and information sharing services to entrepreneurs.