ZW Data Action Technologies Invests in SaaS Software Operator Weiyouxin Technology
January 21 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 investment in private domain SaaS software operation
service provider Weiyouxin Technology (“Weiyouxin”). More
information can be found on the website:
http://www.gd-weiyouxin.com/.
ZW Data and Weiyouxin strive to provide
WeChat-based social CRM operating tools to empower large brand name
merchants to build digital marketing platforms. As the pandemic
continues to impact business operations and hit offline stores,
digital marketing platforms provide solutions to corporations by
attracting WeChat private domain traffic and building live
broadcast platforms. We expect to serve multinationals such as Dell
Group, large state-owned enterprises such as China Unicom, new
energy vehicle manufacturers such as Tianji Automobile and other
large brand name companies.
Handong Cheng, Chairman and Chief Executive
Officer of ZW Data, commented, “The global economic turbulence
under the pandemic has been disrupting the traditional offline
marketing activities. Major brands are exploring transformative
paths to digitize their branding and marketing. Digital
transformation has become an irreversible trend. Together with
Weiyouxin, we will focus on the restructuring corporate digital
marketing and inject new vitality into companies through SCRM
operation and private domain traffic management. Additionally, we
are committed to creating a digitized smart ecosystem for small and
medium sized retailers with our Blockchain Integrated Framework for
Retail Business, or BIF. Our BIF will ensure Digital ID and
contents are protected by blockchain as the user privacy is our top
priority.”
Zhen Liang, Chief Executive Officer of Weixinou,
commented, “We are building digital marketing platforms to promote
private domain traffic alliance and precision marketing. Our
platforms will link tens of millions of companies by building
digital connection between headquarters and branch offices, brands
and dealers, sales and distributors, as well as brands and
customers. The platforms will not only improve business operation
efficiency but also capture and store data for precision marketing.
Our goal is to develop long-term relationship with our merchant
clients and share the dividends brought by digital
transformation.”
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/.
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
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