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Friday, 07/02/2021 9:05:08 AM

Friday, July 02, 2021 9:05:08 AM

Latest news from May:

“ 6:49a ET 5/26/2021 - Dow Jones
ZW Data Action Authorized as Tencent Advertising Service Provider

By Chris Wack

ZW Data Action Technologies Inc. said its wholly owned subsidiary, ChinaNet Online (Guangdong) Technology Co., was authorized as an advertising service provider for KOLs and e-commerce in 2021 by Tencent Holdings Ltd.

ZW Data said Tencent serves more than 1.2 billion users and its 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 company said it expects this authorization will eventually help it increase its revenue in long run.

ZW Data Action shares were up 14% to $1.97 in premarket trading.

Write to Chris Wack at chris.wack@wsj.com ”

my posts are always theory and not financial advice

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