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  • ChinaNet Online Holdings, Inc. (CNET) Subsidiary Signs Agreement With Mendal Textile To Expand Franchise Presence 0 comments
    Apr 24, 2013 5:34 PM | about stocks: CNET

    Leading provider of offline-to-offline sales channel expansion services, ChinaNet Online Holdings announced today that its subsidiary, Liansuo.com, has signed an agreement with Mendale Textile Limited to help expand its franchise throughout China and internationally. Given ChinaNet's presence throughout the People's Republic of China, the pairing will be beneficial to both companies as they grow their presence within and outside of the province.

    Founded in 1956, Mendale is a leading textile manufacturer that focuses on bedding and upholstered furniture. Mendale has 852 stores and 810 counters across China, with stores in Beijing, Shanghai, Guangzhou, and other cities. Sales numbers in 2012 were reported to be approximately $170 million in revenue.

    ChinaNet's COO, Mr. George Chu, remarked, "We are excited about working with a growing firm such as Mendale. Mendale has successfully expanded its owned and operated stores, as well as its franchise stores, across several provinces in China. Liansuo.com will provide online advertising and marketing to help Mendale further increase its brand recognition among consumers and entrepreneurs."

    For more information, visit chinanet-online.com

    Please see disclaimer on the QualityStocks website: disclaimer.qualitystocks.net

    Stocks: CNET
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