Zw data action technologies entered into strategic cooperation agreement with china digital culture for the introduction of defi into the fasting growing esports and game data operation

Beijing, feb. 08, 2021 (globe newswire) -- 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 entered into a strategic sales and cooperation agreement (the “agreement”) with china digital culture (group) limited, a hong kong-based investment holding company principally engaged in the culture and entertainment related businesses (hk:08175) (“digital culture”). pursuant to the agreement, through the company's blockchain infrastructure framework (“bif”) platform and by utilizing upgraded decentralized financial technology, the two parties will jointly operate ip data for e-sports and games. the company expects to expand the company's existing business of key opinion leader (“kol”) and digital advertising through blockchain service into e-sports and gaming business, one of the fastest growing sectors in china.
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