Zw data action technologies inc. announces planned acquisition of henan baodun, expanding to short videos ecommerce

Beijing, sept. 15, 2022 (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 has signed a letter of intent (“loi”), and has formally proposed an acquisition offer to henan baodun information technology co., ltd (“baodun”). pursuant to the loi, the offer price and terms will be negotiated and determined upon completion of due diligence, and the completion of the transaction is envisaged in the fourth quarter of 2022. upon the completion of the acquisition, baodun will become a wholly-owned subsidiary of the company, and will remain its independency in operation to provide one-stop ecommerce marketing service solutions and full agency operation services for customers.
CNET Ratings Summary
CNET Quant Ranking