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ChinaNet Online Holdings expands rollout of online banking and advertising kiosks
July 14, 2010
BEIJING - ChinaNet Online Holdings Inc., an Internet services and media technology company in the People's Republic of China, announced an accelerated schedule for installing next-generation, "one-touch" banking information kiosks.
By year's end ChinaNet plans to have a total of 1,500 installed online kiosks, compared to 200 completed and 400 in progress, and expects these 1,500 kiosks to generate contract fees and online ad sale revenues totaling approximately $1 million this year, representing a strong growth momentum from last year of $153,000.
ChinaNet's online bank kiosk business was launched in June, 2009, as part of the company's strategy to establish a multichannel service and branding platform for small and medium companies. The "one-touch" banking kiosks, provided through the company's partially owned affiliate Shanghai Brilliance Technology Ltd., offers banks a unique on-line, digital service offering for customers, the company says, and provides ChinaNet a strong competitive advantage for further development of its banking kiosk business in China.
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