ChinaNet unveils new growth strategy

ChinaNet Online Holdings Inc. (Nasdaq: CNET) announced a new growth strategy focused on digital advertising services and has engaged in discussions to provide Alibaba Group Holding Ltd. (NYSE: BABA) with Micro-Sell 360. ChinaNet stock nearly doubled by leaping 94 cents to close at $1.96 while Alibaba stock surged $25.89 to close at $93.89.