ChinaNet Online Holdings, Inc., a leading Internet services and media technology company providing online advertising and brand management solutions for small and medium-sized enterprises in The People’s Republic of China, recently announced that the company is expanding its “Entrepreneurship Fund for Chinese College Students” campaign that focuses on helping China’s college students develop entrepreneurial skills and spur future economic growth with small- and medium-sized business.

This program provides the necessary resources to attract successful entrepreneurs for guiding students and providing active assistance for developing business plans. Small- and medium-sized enterprises make up 75% of the urban employment in China and are a popular destination for recent college graduates.

28.com, a subsidiary of ChinaNet, recently sponsored an opening ceremony commencing the Chinese College Students Startup Forum, which was jointly sponsored by six government agencies, including China Federation of Industry and Commerce, Ministry of Education, Central Committee of the Communist Young League, United Front Work Department of CPC Central Committee, Ministry of Human Resources and Social Security, and Ministry of Civil Affairs. At the event, 28.com made the first donation of approximately $735,000 to the Entrepreneurship Fund for Chinese College Students. ChinaNet also recently sponsored the first “28.com Business Opportunity Cup,” a competition designed to allow Chinese college students the opportunity to showcase their entrepreneur skills.

Mr. Handong Cheng, chairman and CEO of ChinaNet, stated, “These programs have increased the presence and awareness of ChinaNet among China’s universities, industry and venture communities, as we continue to provide meaningful assistance to undergraduates’ startup and job hunting activities.” Mr. Cheng continued, “ChinaNet’s web portal, www.28.com, is the leading networking website in China for matching entrepreneurs with business opportunities. ChinaNet anticipates these programs could yield an additional 50 to 100 branded clients annually who would utilize the portal to advertise to this population of college students and graduates, their products, services and business opportunities over the Internet. The company estimates that each new client would contribute approximately $15,000 to $22,000 in annual revenues.”

For additional information, please visit www.chinanet-online.com.