ZW Data Action Technologies Authorized as an Advertising Service Provider for KOLs and Ecommerce for Tencent
May 26 2021 - 6:30AM
ZW Data Action Technologies, Inc. (Nasdaq: CNET) ("ZW Data" or the
"Company"), an integrated Internet advertising, precision
marketing, data analytics and enhanced value-added blockchain
services provider serving enterprise clients, today announced that
its wholly-owned subsidiary ChinaNet Online (Guangdong) Technology
Co., Ltd. was authorized as an advertising service provider for
KOLs and Ecommerce in 2021 by Tencent Holdings Ltd, a leading
provider of Internet value added services in China (SEHK: 00700)
(“Tencent”). Tencent serves over 1.2 billion users for their
digital needs, and as such, its effective advertising platform
helps brands and marketers reach out to hundreds of millions of
consumers in China.
ZW Data was authorized as Tencent’s advertising
platform business expansion services provider, including
advertising sales operations and customer services. The new
cooperative relationship with Tencent in Guangdong has become a
milestone for ZW Data’s new development in the southern market of
China.
“We believe this collaboration will enhance our
spectrum of resources for advertising and marketing to the next
level, especially for our future cross-border KOLs and ecommerce
business. In addition, we intend to add blockchain to media
resources to enhance the accuracy and transparency of the efficient
and effectiveness of the digital marketing. The collected results
can be further cultivated and analyzed to optimize the accurate
matching of buyers and sellers through artificial intelligence
technology. We believe the future is exciting and we expect this
opportunity will eventually help the Company increase its revenue
in long run,” said Mr. Handong Cheng, Chairman and Chief Executive
Officer of ZW Data Action Technologies.
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 Tencent Holdings Ltd.
Tencent was founded in Shenzhen, China, in 1998.
Shares of Tencent (00700.HK) are listed on the Main Board of the
Stock Exchange of Hong Kong. Tencent uses technology to enrich the
lives of Internet users. Tencent’s communication and social
services, Weixin and QQ, connect users with each other and with
digital content and services, both online and offline, making their
lives more convenient. Tencent’s targeted advertising service helps
advertisers reach out to hundreds of millions of consumers in
China. Tencent’s FinTech and business services support partners’
business growth and assist digital upgrade. Tencent invests heavily
in talent and technological innovation, actively promoting the
development of the Internet industry. For more information, please
visit: https://www.tencent.com/en-us.
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. 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 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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