BEIJING, Feb. 08, 2021 (GLOBE NEWSWIRE) — ZW Knowledge Motion Applied sciences, Inc. (Nasdaq: CNET) (“ZW Knowledge” or the “Firm”), an built-in internet advertising, precision advertising and marketing, knowledge analytics, and different value-added providers firm, right now introduced that it entered right into a strategic gross sales and cooperation settlement (the “Settlement”) with China Digital Tradition (Group) Restricted, a Hong Kong-based funding holding firm principally engaged within the tradition and leisure associated companies (HK:08175) (“Digital Tradition”). Pursuant to the Settlement, via the Firm’s Blockchain Infrastructure Framework (“BIF”) platform and by using upgraded decentralized monetary expertise, the 2 events will collectively function IP knowledge for e-sports and video games. The Firm expects to develop the Firm’s present enterprise of Key Opinion Chief (“KOL”) and digital promoting via blockchain service into e-sports and gaming enterprise, one of many quickest rising sectors in China.
At present, decentralized finance (“Defi”) is especially concentrated in 4 main sectors of decentralized lending, automated market makers, decentralized exchanges, and secure foreign money issuance. Defi is utilizing the traits of blockchain tokens to steadily tokenize monetary providers. ZW Knowledge and Digital Tradition attempt to introduce Defi, constructed on each Ethereum and Polkadot, into esports and sport knowledge operation, combining ZW Knowledge’s KOL and O2O gross sales channel for extra income development.
ZW Knowledge has collected and gathered advertising and marketing and transaction knowledge for almost 100 million customers for precision digital advertising and marketing. Digital Tradition has constructed a platform for leisure and cultural contents with the highest celebrities and ex-NBA gamers in Asia, together with Jay Chou and Jeremy Lin. It has fashioned three essential enterprise segments of e-sports leisure, sports activities, and cultural tourism, and its J-team is presently ranked No.1 within the final season of Pacific Champion Collection.
Handong Cheng, Chairman and Chief Government Officer of ZW Knowledge, commented, “The Chinese language sport trade could have income of 278.6 billion yuan in 2020, and its consumer base will attain 665 million. Such a market area will carry immense alternatives. We consider that our Firm and Digital Tradition will use our respective capital, platform and useful resource benefits to collectively develop the event of blockchain, KOL and esports platform into our centered industries. We’ll assist Digital Tradition construct an unbounded and free “sport world” by placing e-sports and sport knowledge on the blockchain for record-keeping, digital asset alternate, promoting and advertising and marketing, and buying and selling. We envision to develop blockchain expertise utility and e-sports knowledge operation mannequin into conventional industries, particularly cultural and creative industries, and ultimately promote the event and improve the worth of conventional industries.”
About ZW Knowledge Motion Applied sciences Inc.
Established in 2003 and headquartered in Beijing, China, ZW Knowledge Motion Applied sciences Inc. (the “Firm”) provides internet advertising, precision advertising and marketing, knowledge analytics and different value-added providers for enterprise shoppers. Leveraging its totally built-in providers platform, proprietary database, and cutting-edge algorithms, ZW Knowledge Motion Applied sciences delivers personalized, result-driven enterprise options for small and medium-sized enterprise shoppers in China. The Firm additionally develops blockchain and synthetic intelligence enabled internet/cellular functions and software program options for normal public, enterprise shoppers, and authorities companies. Extra details about the Firm may be discovered at: http://www.zdat.com/.
About China Digital Tradition (Group) Restricted
China Digital Tradition (Group) Restricted is listed on the Development Enterprise Market of the Inventory Change of Hong Kong Restricted (Hong Kong: 08175). It has constructed a platform for leisure and cultural contents and offers channel and buyer diversification providers. After years of improvement, it has fashioned three essential enterprise segments of e-sports leisure, sports activities, and cultural tourism. Extra details about the Firm may be discovered at: http://www.cdculture.com/.
Protected Harbor Assertion
This launch accommodates sure “forward-looking statements” regarding the enterprise of ZW Knowledge Motion Applied sciences Inc., which may be recognized by way of forward-looking terminology resembling “believes,” “expects,” “anticipates,” “estimates” or related expressions. Such forward-looking statements contain recognized and unknown dangers and uncertainties, together with enterprise uncertainties regarding authorities regulation of our trade, market demand, reliance on key personnel, future capital necessities, competitors on the whole and different elements which will trigger precise outcomes to be materially totally different from these described herein as anticipated, believed, estimated or anticipated. Sure of those dangers and uncertainties are or shall be described in higher element in our filings with the Securities and Change Fee. These forward-looking statements are primarily based on ZW Knowledge Motion Applied sciences present expectations and beliefs regarding future developments and their potential results on the Firm. There may be no assurance that future developments affecting ZW Knowledge Motion Applied sciences shall be these anticipated by ZW Knowledge Motion Applied sciences. These forward-looking statements contain a variety of dangers, uncertainties (a few of that are past the management of the Firm) or different assumptions which will trigger precise outcomes or efficiency to be materially totally different from these expressed or implied by such forward-looking statements. ZW Knowledge Motion Applied sciences undertakes no obligation to publicly replace or revise any forward-looking statements, whether or not on account of new info, future occasions or in any other case, besides as could also be required below relevant securities legal guidelines.
For extra info, please contact:
Weitian Group LLC
Telephone: +1 718-213-7386