HONG KONG, Dec. 1 /PRNewswire-Asia/ -- Finet Group Limited ("Finet" or "The Company", HKSE stock code: 8317) reinforces its China IMM Growth Strategy to seize the tremendous business opportunities in the burgeoning Internet, Mobile and Media sectors in China. This includes actively seeking potential acquisition targets and related fundraising opportunities. Finet first unveiled its IMM strategy in 2007 with the restructuring of its business lines into the online game business (the "Internet" domain), and the financial information business (the "Media" domain).

Dr. George Yu, Chairman of Finet, said, "Finet has been aggressively exploring growth drivers that are in line with our IMM strategy. The Internet, Mobile and Media markets have demonstrated remarkable resilience and robust growth despite economic downturn over the past few years. Following the restructuring of our business lines, we are well poised to seize the lucrative opportunities in these booming markets."

China is home to about 340 million Internet users and 700 million mobile phone users, ranking the top in the world. This considerable size and scale translates into huge markets and the emergence of many successful Chinese IMM companies that are now global leaders, such as Tencent, Baidu, Ctrip and Shanda Interactive. For example, China's online game market, with almost 70 million active gamers, has amounted to approximately US$ 2.7 billion for the first nine months of 2009. Mobile users in China sent 450 billion SMS last year alone, creating a US$700 million market.

Moreover, the growing prevalence of third-generation (3G) mobile services poses enormous business opportunities for content developers, mobile content application platforms like iPhone App Store and providers of other mobile value-added services at the arrival of mobile Internet. It is estimated that by 2014, mobile computing and value-added services enabled by the prevalence of 3G development will contribute to a market worth of over US$16 billion.

"Amid the fast developing markets in the IMM sectors, there are certain young and yet highly profitable businesses that are managed by very capable teams. We are convinced that ramping up our acquisition efforts is a valid means of gaining access to the expertise, people and revenues of these successful companies, while at the same time we will continue to improve our results through organic growth efforts built on Finet's existing franchise and brand name in financial information services and online games in China," Dr. Yu further commented.

About Finet Group Limited

Listed on the Stock Exchange of Hong Kong Limited (HKSE stock code: 8317), Finet Group Limited ("Finet") is a leading Internet company in Greater China specializing in China's Internet, Mobile and Media (IMM) sectors, the engine of China's new economy.

Finet's existing core business lines include Online Games and Online Financial Information. Finet's online game business, branded as China Game, is built on its exceptional game development and operational capabilities. Its products include mainly massively-multiple player online role-playing games (MMORPGs) and web games, both leveraging on state-of-the-art game engines.

Finet's online financial information business delivers real-time financial information including news, data, analytics and researches via diverse electronic and online media to investors across the Greater China. In addition to its two popular Chinese financial websites, http://www.finet.hk and http://www.caihuanet.com , Finet distributes real-time financial information also through a massive web of influential online and offline media networks in Greater China.

SOURCE Finet Group Limited

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