ZW Data Action Technologies Announces Strategic Partnership with Yujun Capital
January 07 2021 - 6:30AM
ZW Data Action Technologies, Inc. (Nasdaq: CNET) ("ZW Data" or the
"Company"), an integrated online advertising, precision marketing,
data analytics, and other value-added services company, today
announced that it has reached strategic partnership with Yujun
Capital and its subsidiary Yujun Digital Technology Co., Ltd.
(together, “Yujun Digital”) pursuant to which Yujun Digital will
provide online branding and management service to the Company’s
merchant clients.
Yujun Digital team consists of experts in the
fields of new consumer products and digital transformation in the
Guangdong-Hong Kong-Macao Greater Bay Area. The team members
include a Ph.D. in international economic relations, a former
Tencent product director, former Tmall senior operation experts,
and senior content marketing experts from MCN agencies. ZW Data
believes that Yujun Digital’s capabilities dovetail well with the
Company’s blockchain technology, big data platform, supply chain
management capabilities, and private domain traffic operation
capabilities. The Company is confident that together they will
build a strong management and consumer service platform for its
merchant clients.
Building on its earlier success of creating
distributed communities and distributed private domains covering
2,700 counties across the country, tens of millions of Internet 2C
users, and 100,000 E-commerce brands, the Company believes that the
strategic partnership with Yujun Capital and Yujun Digital will
enable them to build bigger communities for new consumption
branding industry.
Handong Cheng, Chairman and Chief Executive
Officer of ZW Data, commented, “ZW Data and Yujun Capital will
build a five-dimensional platform with digital product selection,
brand content marketing, digital growth, private domain traffic
operation, and brand digital intelligence. Through integration of
capital, strategy, brand, private domain, data and intelligent
solutions, we strive to assist our clients in their brand building
with blockchain technology. In particular, we hope to promote
growth of national brands in the post-pandemic era when China’s
economic policy shifts to domestic consumption.”
About ZW Data Action Technologies
Inc.
Established in 2003 and headquartered in
Beijing, China, ZW Data Action Technologies Inc. (the “Company”)
offers online advertising, precision marketing, data analytics and
other value-added services for enterprise clients. Leveraging its
fully integrated services platform, proprietary database, and
cutting-edge algorithms, ZW Data Action Technologies delivers
customized, result-driven business solutions for small and
medium-sized enterprise clients in China. The Company also develops
blockchain and artificial intelligence enabled web/mobile
applications and software solutions for general public, enterprise
clients, and government agencies. More information about the
Company can be found at: http://www.zdat.com/.
About Yujun Capital
Yujun Capital was established in 2007. It
provides private equity fund management and services with
entrepreneurial spirit and is committed to creating high-quality
venture capital. It focuses on the intrinsic value of its projects
and strives to empower its business partners and accompany them in
different development stages.
Yujun Capital integrates its years of operation
experience, resources, and investment service capabilities to
establish an industrial and capital ecosystem. Through its equity
investment and capital market services, Yujun facilitates project
development and bring value to the investors.
Yujun Capital provides targeted assistance to
women entrepreneurs. It has been building business women
communities and nurturing women entrepreneurs by setting up funds
exclusively for investment in women-led projects.
In 2020, Yujun Capital established Yujun Digital
Technology to cultivate general partners in its venture studios. It
strives to create a leading investment fund in female consumption
segments by working with Shenzhen Yuewan Digital Development
Research Institute.
Safe Harbor Statement
This release contains certain "forward-looking
statements" relating to the business of ZW Data Action
Technologies Inc., which can be identified by the use of
forward-looking terminology such as "believes," "expects,"
"anticipates," "estimates" or similar expressions. Such
forward-looking statements involve known and unknown risks and
uncertainties, including business uncertainties relating to
government regulation of our industry, market demand, reliance on
key personnel, future capital requirements, competition in general
and other factors that may cause actual results to be materially
different from those described herein as anticipated, believed,
estimated or expected. Certain of these risks and uncertainties are
or will be described in greater detail in our filings with the
Securities and Exchange Commission. These forward-looking
statements are based on ZW Data Action
Technologies current expectations and beliefs concerning
future developments and their potential effects on the Company.
There can be no assurance that future developments
affecting ZW Data Action Technologies will be those
anticipated by ZW Data Action Technologies. These
forward-looking statements involve a number of risks, uncertainties
(some of which are beyond the control of the Company) or other
assumptions that may cause actual results or performance to be
materially different from those expressed or implied by such
forward-looking statements. ZW Data Action
Technologies undertakes no obligation to publicly update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise, except as may be required
under applicable securities laws.
For more information, please
contact:
Sherry ZhengWeitian Group LLCEmail:
shunyu.zheng@weitian-ir.comPhone: +1 718-213-7386
ZW Data Action Technolog... (NASDAQ:CNET)
Historical Stock Chart
From Aug 2024 to Sep 2024
ZW Data Action Technolog... (NASDAQ:CNET)
Historical Stock Chart
From Sep 2023 to Sep 2024