Chinacnet denies that it will switch from the door to the Hong Kong main board

In response to the recent saying that Chinese network companies are about to abandon their Internet businesses and fade out of the portal, the Chinese network denied: "The Internet is in the second wave of development and is leaving the portal? I cannot think of any reason ." Wang Xiaohui, executive director of Zhonghua net and president of Zhonghua Net website, said.
The storm originated from the rename of a Chinese company. As the first Chinese Internet company to log on to Nasdaq, ChinaDotCom recently announced that it officially changed its name to CDC (ChinaDotCom.
-Why is CNNIC renamed?
According to reports, after the name of the Chinese net company was changed to "CDC", its original Hong Kong network and its original Chinese Net website and its Internet-related businesses were integrated into a company named chinnet technology, CDC Holdings 81%. Among them, chinacnet technology will mainly operate three core services in China and work collaboratively with each other-mobile value-added services (MVAS), Internet entry-level websites, and online game services, the company's profit mainly comes from the Chinese market, and its parent company, Talent Corporation, is focusing on operating enterprise software businesses in North America and Europe. It is also actively exploring the rapidly growing Asia Pacific market.
Chinacnet, founded in 1999, is one of the earliest portals in China and has absolute inherent advantages in terms of brand and domain name. However, since then, the emergence of three portals: Sina, Netease, and Sohu, the suspicion that chinacnet was accused of being marginalized has led to speculation by some media about the weakening of chinacnet and even the abandonment of portal services, wang Xiaohui, executive director of chinacnet and president of chinacnet, responded strongly: "This is at least a negative impact, and it may also cause doubts for our investment partners. In fact, the opposite is true. At present, chinacnet is making great efforts to build a thriving top-level Internet platform by increasing investment, recruiting, and accelerating the development of its portal websites ."
-Switch board market targeting market segments
According to reports, for a period of time, chinacnet has been "building a great project" in channel content construction. "We plan to make the number of content editors reach about 150 after a new round of recruitment, such a scale can never be underestimated in domestic portal websites ".
Wang Xiaohui also revealed that chinnet technology does not rule out the possibility of listing from the growth enterprise market in Hong Kong to the main board, "everything is in progress," he said.
In 2005, the domestic portal website competition has entered a new stage, regardless of the intensity of competition or the method of competition. In the past, the big and comprehensive portal concept was outdated. Instead, it paid more and more attention to user market segments and concentrated on developing its own strong fields, such as Sina News and NetEase Games. "This provides a new opportunity for the development of chinghua network," said Wang Xiaohui.