Boston, MA 10/15/2014 (wallstreetpr) – Chinanet Online Holdings Inc (NASDAQ:CNET) launched a new product – Zero Down Payment Loans, to support entrepreneurs in China. The company primarily focuses on facilitating the small and medium enterprises (SME)’s capital needs through these kinds of services.
Process to address challenges
Entrepreneurs are witnessing challenges to funding their business. So, Chinanet Online Holdings Inc (NASDAQ:CNET) is now integrating with leading companies to minimize the challenges for entrepreneurs. The new process integrates the banks, person-to-person (P2P) providers and security companies into one platform for smooth execution. It will help in making the funding process easier for the entrepreneurs and also support to achieve their business objectives.
Chinanet Online Holdings Inc (NASDAQ:CNET) associated with Haodai and Yooli to offer the loan facility. Haodai, at one end, assists the customers through its search engine platform for different types of credit products. At the same time, Yooli will provide a P2P online platform for crowd-funding to microfinance investors.
These integrated resources, however, are not responsible for the funding of SME businesses. They will only support in finding out the opportunities in financial markets for the entrepreneurs to run their businesses. Chinanet Online Holdings Inc (NASDAQ:CNET)’s new product will bring the borrowers and lenders into one platform and help the entrepreneurs to meet their financial needs.
Conclusion
ChinaNet’s Chief Operating Officer, George Chu, said that personal credit information systems are one of the essential tools to expand the business. He mentioned that mobile internet users are growing rapidly in China and expected that P2P will be the new mode of communication for the financial service providers.
Clearly, it is evident that everyone including venture capitalists, private equity firms and internet companies is now focusing on information sharing systems to drive the P2P businesses. Therefore, the growing demand of P2P markets will leverage the advantage of Chinanet Online Holdings Inc (NASDAQ:CNET)’s existing resources. Moreover, the addition of new product into its portfolio will further support the microfinance facility for SME businesses.
