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BEIJING, Dec. 28, 2012 (GLOBE NEWSWIRE) -- ChinaNet Online Holdings, Inc. (Nasdaq:CNET) (the "Company" or "ChinaNet"), a leading B2B (business to business) Internet technology company focusing on providing online-to-offline ("O2O") sales channel expansion services for small businesses (so-called small and medium-sized enterprises ("SMEs") in China) and entrepreneurial management and LINK services for entrepreneurs in the People's Republic of China, today announced that the finals of the 2012 International Youth Innovation Games was held in Peking University on Wednesday, December 26th. ChinaNet participated as a sponsor and promoter of the 2012 International Youth Innovation Games ("the Games").
Mr. George Chu, COO of ChinaNet said, "We were delighted to be involved with the inaugural International Youth Innovation Games, which allowed us to extend our talent recruitment program to these young entrepreneurs. Additionally, we saw some potential innovations that could accelerate our addressable market in the next few years. During the two months of the competition, over 20,000 teams from 20 countries submitted their ideas. We saw a measured increase in the number of searches for our services and the traffic to our various websites, including Chuangye.com, 28.com and Liansuo.com. We congratulate the winners from the 2012 Youth Innovation Games and look forward to working with them to help implement their business ventures and being their mentors."
Organized by Peking University and supported by China's Ministry of Education, the International Youth Innovation Games is one of the largest innovation competitions in the world. The Games is divided into four categories – innovative design, creative marketing, innovation management, and business practices – and designed to promote creativity and innovation among students and entrepreneurs. The event, held in Innovation Stadium attracted over 20,000 teams and 100,000 participants through a combination of in-person and online submissions.
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