ZW Data Action Technologies Inc. Authorized as a Business Expansion Service Provider for JD.com
November 08 2021 - 7:30AM
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 its wholly-owned subsidiary ChinaNet Online
(Guangdong) Technology Co., Ltd. was authorized by JD.com, Inc.
(Nasdaq: JD) (“JD”) as a business expansion service provider for
JD’s WanDianBao business. WanDianBao is a micro service for JD
online stores. It can assist enterprises to quickly and
conveniently start the e-commerce marketing model and occupy the
market.
JD, positioned as a leading supply chain-based
technology and service provider, is one of the two largest B2C
online retailers in China by trading volume and revenue, and the
first integrated e-commerce platform in China to list on the stock
market in the United States. As of the first quarter of 2021, JD’s
platform has nearly 500 million active users, covering retail,
technology, logistics, health, insurance, development and overseas
fields. In addition, it is a member of the Fortune Global 500.
ZW Data was authorized as WanDianBao’s business
development services provider, including business expansion and
customer services. We can add blockchain resume services to JD’s
microservices to help microshops use the blockchain to increase the
authenticity and trust for their products. ZW Data assists
WanDianBao in establishing relationships with tens of thousands of
merchants through inbound and outbound traffic, especially through
private domain traffic, gathering potential customers interested in
joining, and building a huge resource pool. In addition, combined
with the capabilities of WanDianBao, ZW Data’s merchants could
quickly build exclusive private domain online shopping malls,
expand store sales categories, implement asset-light and
burden-free sales business model, and carry out private domain
refined operation cooperation through JD’s supply chain
connectivity, which forms a strategic synergy with ZW Data’s new
retail business. By deeply connecting the diversified business of
JD, ZW Data joins hands with a high-quality ecological partner in
the industry to strengthen the competitiveness of marketing,
continuously stimulate the innovation and vitality of WanDianBao’s
business ecosystem and achieve the organic growth of ZW Data’s
commercial business.
“ZW Data is committed to the implementation of
the full spectrum of marketing promotion services supported by big
data, such as big data marketing, traffic advertising, private
domain operations, content marketing, and others for customers to
explore new methods of the Uni Marketing. ZW Data will invest more
advantageous resources and have more long-term and in-depth
cooperation with JD in the future in the area of Uni Marketing,”
commented Handong Cheng, Chairman and Chief Executive Officer of ZW
Data.
About ZW Data Action Technologies
Inc.
Established in 2003 and headquartered in
Beijing, China, ZW Data Action Technologies Inc. is an ecological
enterprise dedicated to marketing channel expansion services
through mobile internet, blockchain, big data and other
professional services. ZW Data has been providing information
business services for small to medium enterprises to expand
marketing channels for years and has become one of the industry
benchmarks. It is committed to the innovation and establishment of
B2B2C intelligent business ecology through the deployment of
artificial intelligence, blockchain, cloud computing, big data, and
other new-generation information technologies, to assist MSMEs in
achieving a more convenient, efficient and lower cost business
model. More information about the Company can be found
at: http://www.zdat.com/.
About JD.com
JD.com is a leading supply chain-based
technology and service provider. The Company’s cutting-edge retail
infrastructure seeks to enable consumers to buy whatever they want,
whenever and wherever they want it. The Company has opened its
technology and infrastructure to partners, brands and other
sectors, as part of its Retail as a Service offering to help drive
productivity and innovation across a range of industries. More
information can be found at: https://corporate.jd.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 Inc.’s 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 Inc. will be those
anticipated by ZW Data Action Technologies Inc. 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
Inc. 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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