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Ex-58.com Shareholder Sued for Stealthy Share Transfer

Netease Tech, 10/28/13

Cheng Handong, Chairman of Business Opportunity Online, operator of online franchising site 28.com, has been sued by Liu Xuanfu, the company's largest shareholder, for actions severely damaging to shareholder interests in secretly signing an agreement with Yao Jinbo, Founder and CEO of online classifieds website 58.com, in December 2009. Read More

ChinaNet Q2 2010 Profit Up 223% YoY

PRNewswire-Asia, 8/17/10

Chinese online and TV advertising firm ChinaNet Online Holdings (NYSE Amex: CNET) has announced its Q2 2010 financial results. Read More

CCTV Criticizes 'Business Opportunity' Websites

Dahe.cn, 4/23/09

Franchised "business opportunity" websites www.28.com, www.u88.com, and www.3158.cn, which have recently received celebrity endorsements, have been described as scams in a program aired April 19 by China's national broadcaster CCTV. Read More