Business
ZW Data Action Technologies Inc. Announces Establishing Incubation System for Mass Entrepreneurship and Innovation in Guangdong – Hong Kong – Macao, Promoting the Brand Development of the Greater Bay Area
BEIJING, Aug. 24, 2022 (GLOBE NEWSWIRE) -- ZW Data Action Technologies, Inc. (Nasdaq: CNET) ("ZW Data" or the "Company"), an integrated online advertising,
About this update from Zw Data Action Technologies Inc.
[{"type":"text","content":"BEIJING, Aug. 24, 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 will establish the Mass Entrepreneurship and Innovation Incubation System (the \"System”) with BTF Venture Limited (“BTF”), to connect and integrate domestic and overseas innovation and entrepreneurial resources, providing a unique platform for global enterprises and investors to communicate, cooperate and develop business opportunities. In addition, both parties plan to provide financing support for the fast-growing enterprises in the Guangdong – Hong Kong – Macao Greater Bay Area (the “Greater Bay Area”), and screen high-growth projects in the Greater Bay Area for the domestic and overseas capitals. The Greater Bay Area is one of the fastest growing economic regions in China. According to a report recently released by China Development Research Foundation, the total economic volume of the Greater Bay Area is expected to reach 14.76 trillion yuan in 2022, becoming the top economic region in the world. As such, the Grater Bay Area has tremendous potential for development. ZW Data established a new office in Guangzhou in 2020, aiming to focus on taping the new brand customers in the Greater Bay Area and bringing more business opportunities. Based in Shenzhen and Hong Kong, BTF cooperates with venture capital institutions, colleges and universities, research institutions, business groups, and innovation incubators in the Greater Bay Area to attract well-known investment institutions, industry leaders and emerging companies domestically and internationally to participate in the platform through forums, salons, roadshows networking reception events. Its partners include financial and investment institutions, business schools of higher education institutions, financial industry business associations, and industry experts and scholars. In this cooperation, ZW Data and BTF will jointly establish a strategic emerging industry service platform. The platform not only focuses on the mass entrepreneurship and innovation, but also on the roadmap and industry chain layout of national science and technology innovation, serving the industry development of new generation information techno...