ZW Data Action Technologies Announces Cooperation with Haishuyun to Provide Customers with Taxation, Payment and Other Value-added Services
21 Mars 2023 - 12:30PM
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 partnership with Guangzhou
Haishuyun Technology Co., Ltd ("Haishuyun"). The two parties will
explore cooperative solutions for the development of chain brands,
while supporting traditional industries and brands, assisting
customers in achieving digital transformation in taxation,
aggregated payments, and providing clients with diversified
value-added services.
As the economy experiences a rapid recovery
following the COVID-19 pandemic, a significant number of customers
are seeking cost reduction and efficiency improvement
opportunities. They aim to increase profits through digital online
payments, automated settlements, and optimized tax planning
strategies. Recognizing these customer needs, ZW Data has promptly
introduced comprehensive digital services to address the growing
demand.
Haishuyun is a platform-based industrial internet
SaaS services provider, specializing in payment settlement and tax
planning solutions. Haiyunshu’s comprehensive industrial service
platform caters to an impressive roster of renowned enterprises
such as China Railway Guangzhou Group Co., Ltd., Solis Holdings,
and Shenzhen Division Co.,Ltd. Haishuyun’s subsidiary, Yindian
Technology, is a core strategic partner of numerous financial
institutions, including China UnionPay, WeChat Pay, Alipay, JD.com,
ICBC, CCB, CMB, SPDB, Ping An, and Zhongbang Bank.
In this collaboration, Haishuyun and ZW Data will
leverage their respective strengths and advantages in blockchain
technology, financial and tax consulting, aggregated payment
technology, and franchise expertise to integrate resources and
channels. While providing franchise services, ZW Data, together
with Haishuyun, will offer convenient, efficient, and compliant
"payment + split account + tax planning" SaaS tools and other
value-added services to thousands of franchise brands and
franchisees, providing clients with the optimal financial and tax
compliance paths. Moreover, ZW Data plans to develop a financial
and tax payment blockchain alongside Haishuyun, co-creating
products that support the integration of financial and tax systems
with business systems while further expanding blockchain technology
applications.
"By proactively delivering diversified value-added
services in addition to our existing franchise products and
services, ZW Data is poised to strengthen its market
competitiveness. As national tax management standards continue to
improve, tax compliance propels the digital transformation of
corporate financial and tax payments. The seamless integration of
resources between ZW Data and Haishuyun aligns with the financial,
tax, and payment digitization requirements of traditional industry
enterprises and brands. Our professional and practical financial,
tax, and payment value-added services are set to become a 'stable
accelerator' for high-quality brands, bolstering ZW Data's
expansion support for clients," commented Handong Cheng, Chairman
and Chief Executive Officer of ZW Data.
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 the general public,
enterprise clients, and government agencies. More information about
the Company can be found at: http://www.zdat.com/.
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.’s 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
Inc. 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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