ZW Data Action Technologies Inc. Announces Establishing Incubation System for Mass Entrepreneurship and Innovation in Guangdong – Hong Kong – Macao, Promoting the Brand Development of the Greater Bay Area
August 24 2022 - 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 it will establish the Mass Entrepreneurship and
Innovation Incubation System (the "System”) with BTF Venture
Limited (“BTF”), to connect and integrate domestic and overseas
innovation and entrepreneurial resources, providing a unique
platform for global enterprises and investors to communicate,
cooperate and develop business opportunities. In addition, both
parties plan to provide financing support for the fast-growing
enterprises in the Guangdong – Hong Kong – Macao Greater Bay Area
(the “Greater Bay Area”), and screen high-growth projects in the
Greater Bay Area for the domestic and overseas capitals.
The Greater Bay Area is one of the fastest
growing economic regions in China. According to a report recently
released by China Development Research Foundation, the total
economic volume of the Greater Bay Area is expected to reach 14.76
trillion yuan in 2022, becoming the top economic region in the
world. As such, the Grater Bay Area has tremendous potential for
development. ZW Data established a new office in Guangzhou in 2020,
aiming to focus on taping the new brand customers in the Greater
Bay Area and bringing more business opportunities.
Based in Shenzhen and Hong Kong, BTF cooperates
with venture capital institutions, colleges and universities,
research institutions, business groups, and innovation incubators
in the Greater Bay Area to attract well-known investment
institutions, industry leaders and emerging companies domestically
and internationally to participate in the platform through forums,
salons, roadshows networking reception events. Its partners include
financial and investment institutions, business schools of higher
education institutions, financial industry business associations,
and industry experts and scholars.
In this cooperation, ZW Data and BTF will
jointly establish a strategic emerging industry service platform.
The platform not only focuses on the mass entrepreneurship and
innovation, but also on the roadmap and industry chain layout of
national science and technology innovation, serving the industry
development of new generation information technology, new retail
and new catering industries and more. ZW Data has been deeply
involved in the investment promotion industry for more than 10
years, and has a deep understanding of entrepreneurs and investment
promotion brands. The Company expects that this cooperation will
lead thousands of key enterprises it has served to participate in
the platform, and it will cooperate with several authoritative
domestic and international media to provide entrepreneurs on the
platform with a number of entrepreneurial services such as business
incubators, entrepreneurial training, venture financing and
investment matching, brand promotion, policy declaration and
others. Meanwhile, ZW Data will form an entrepreneurial community
in the Greater Bay Area based on the platform, creating a
high-density private circle and social network to help each member
enhance social influence. In addition, ZW Data and BTF plan to
jointly organize several roadshows, and business coaching events,
and hold business competition activities to attract more brands and
investment institutions from the Greater Bay Area, and to evaluate
and provide seed capital for potential entrepreneurs among the
participants, providing screening of high-growth projects in the
Greater Bay Area project for domestic and international
capitals.
“Regional economy is one of the key areas of ZW
Data's strategic layout. The Greater Bay Area is a vibrant
world-class city cluster with a very high level of regionalization
and urbanization. ZW Data has already established service centers
in Guangzhou and Shenzhen, and will cooperate with BTF to promote
the innovative and integrated development of high-end professional
services, which is expected to incubate a large number of
high-net-worth quality enterprises. We also aim to bring the best
quality service to these enterprises in the future,” 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. (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 the 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 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
Zheng Weitian Group
LLCEmail: shunyu.zheng@weitian-ir.comPhone: +1
718-213-7386
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