ZW Data Action Technologies Entering into Partnership to Redefine and Increase the Traffic Value of the Enterprise WeChat for...
December 18 2020 - 8:30AM
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 entered into partnership with Sanyi Internet
Information Technology Inc. (“Sanyi Internet”) to consolidate and
redefine the traffic value of WeChat business account for better
return of investment (ROI) on streaming ecommerce. Sanyi Internet
is a strategic operator of Internet users in WeChat ecologic
private business domain. Partnering with Sanyi Internet, the
omnichannel ecommerce platform www.chuangye.com (“Chuangye”)
officially launched by ZW Data is expected to facilitate diversion
private domain traffic from Enterprise WeChat business
accounts, and enabling enterprise users increase the monetization
of the areas of customer acquisition, service methods, and business
communication.
Chuangye is striving to build an omnichannel
ecommerce path by creating a complete closed loop of user
management, user labeling, product matching, processing orders and
compliance services, delivery, education and training, and finance.
We expect to provide data analytics, service support and evaluation
framework for our users.
Handong Cheng, Chairman and Chief Executive Officer
of ZW Data, commented, “In the existing fragmented customer
profiles, the traditional methods to build up both customer and
merchant pool have faced various challenges and have been further
aggravated by COVID-19. Building an online multichannel ecommerce
platform has become the mainstream model and more cost-effective
way to attract quality merchants. We envision Chuangye to create an
integrated omnichannel merchant platform with blockchain for smooth
customer experience in the upcoming Web3.0 world. A crisis like
COVID-19 brought both risks and opportunities. It definitely
accelerated the pace of digital transformation. The partnership
with Shanyi Internet will re-shape Chuangye to be a billion-dollar
investment service platform in the upcoming future. This will
become one of the important business components of ZW Data business
ecosystem.”
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 Sanyi Internet Information Technology
Inc.
Founded in 2010, Sanyi Internet Information
Technology Inc. is committed to using technology to create a rich
and colorful life. Its team comes from first-tier Internet
companies such as Alibaba and Baidu. It participated and competed
in the group buying industry and achieved excellent results. The
company is among the earlier players of mobile and WeChat
ecological marketing. It has pioneered self-developed "distributed
community", "distributed private domain", "trust chain value" and
other WeChat ecological private domain marketing models. The
company’s distributed channel covers 2,700 counties across China,
reaching tens of millions of Internet 2C users and 100,000
e-commerce brands to achieve smart marketing. It was the first to
put forward the marketing concept of product-effect integration and
successfully commercialized it on a large scale.
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
Zheng Weitian Group
LLCEmail: shunyu.zheng@weitian-ir.comPhone: +1 718-213-7386
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