Chinanet Online Holdings Inc (NASDAQ: CNET) is having an overwhelmingly strong start to the day in the market today, and for good reason. The company announced news associated with the blockchain, and, as we’ve seen from other publicly traded companies, this news has led to some seriously dramatic gains. Today, we’ll talk about the update, what we’re seeing from CNET, and what we’ll be watching for ahead.
CNET Gains On Blockchain News
As mentioned above, Chinanet Online Holdings is having an incredibly strong start to the trading session this morning after the company announced blockchain news. In a press release issued early this morning, the company announced that it has entered into an agreement with Wuxi Jingtum Network Technology Blockchain Technology Co., Ltd. In the release, CNET announced that this partnership was designed to establish a new joint venture company that will be charged with research and development of blockchain technology and its applications for the company’s blockchain technical and business units.