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ChinaNet subsidiary signs Mendale Textile

Beijing - Liansuo.com, a subsidiary of business-to-business Internet technology company ChinaNet Online Holdings, has signed an agreement with Mendale Textile Limited to help expand its franchise in China and internationally.

Founded in 1956, Mendale manufactures bedding and upholstered furniture. The company operates 852 stores and 810 counters across China, with stores in Beijing, Shanghai, Guangzhou and other cities. It generated approximately $170 million in sales in 2012 and began trading on the Shenzhen Stock Exchange in 2010.

"Mendale has successfully expanded its owned and operated stores, as well as its franchise stores, across several provinces in China," said George Chu, coo of ChinaNet. "Liansuo.com will provide online advertising and marketing to help Mendale further increase its brand recognition among consumers and entrepreneurs."

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