ChinaNet Online (CNET) Spikes After Mentioning Alibaba (BABA) In Press Release

ChinaNet Online Holdings, Inc. (CNET) are up 76% to $1.80 in morning trading today after the company said it is in talks with Alibaba’s Taobao unit. In a press release, George Chu, ChinaNet Online’s Chief Operating Officer said, “We are very excited about our new focus on digital advertising and our cooperation with Baidu (BIDU). […] View the full post at: ChinaNet Online (CNET) Spikes After Mentioning Alibaba (BABA) In Press Release Related posts: Industry bodies press EU to act on iron ore prices BlackRock Plays It Safe: Treasurys BofA Needs $35 Billion in Additional Capital