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ZW Facts Motion Systems Initiates Source Chain Finance with Electronic Asset and Crypto Payment

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BEIJING, Feb 02, 2021 (World NEWSWIRE by way of COMTEX) —
BEIJING, Feb. 02, 2021 (World NEWSWIRE) — ZW Information Motion Systems, Inc. (Nasdaq: CNET) (“ZW Details” or the “Corporation”), an built-in on line advertising, precision advertising and marketing, facts analytics, and other worth-additional services corporation, today introduced the official initiation of “The Finance”, its supply chain finance alternative that targets the expanding essential feeling leaders (KOLs) and on the web-to-offline (O2O) e-commerce industry with solutions of electronic asset and crypto payment.

ZW Data’s blockchain centered provide chain finance solution, “The Finance,” is the most up-to-date company application rollout of its decentralized ecosystem which is driven by the Firm’s Blockchain Integrated Framework (BIF) for omnichannel retail promoting, and follows the start of its revolutionary livestreaming system in Guangzhou earlier in December 2020. The Finance company will be integrated with the Firm’s livestreaming platform and the cell payment partnership with WePay in get to establish a trusted and efficient ecosystem for all consumers and to streamline its ecommerce procedure, seamlessly linking the data administration of info, logistics, transaction, and finance. A lot more data about the WePay could be found at: http://www.vfuchong.com.

In certain, the blockchain-run system will establish linkage and compatibility with electronic assets as a result of accredited digital assets and crypto exchanges�?these types of as China’s new Electronic Currency Digital Payment (DCEP) program, as properly as major crypto belongings such as Bitcoin and Ethereum.

The conventional finance sector has been outpaced by innovations in FinTech for a when and has struggled to make trust involving many events. The Finance fosters network cooperation, strengthens existing company connections and accelerates dollars flows inside the supply chain, in which a related structure of decentralized finance (DeFi) can be even more used in accordance with China’s law and regulations and monetary plan.

Providing distinctive added benefits and prospects to the Company’s livestreaming company, the Finance offers account receivable and stock financing alternatives to address the troubles by inventory administration in livestreaming retail as properly as compact-medium enterprises (SMEs) gross sales.

This assures that all data exchanges be secure, confirmed, and trustable during the platforms in real-time with automatic validation in intelligent contracts. The seamless execution of transactions can be applied by blockchain-dependent technologies and purposes as very well as other major knowledge and IoT providers to make sure verifiable top quality details precision.

Handong Cheng, Chairman and Chief Government Officer of ZW Info, commented, “We feel The Finance permits us entry to main electronic assets like BTC, ETH or China’s DCEP. We will spouse with important controlled and accredited exchanges, while supplying financing options for little and medium-sized KOLs or other O2O merchants with selections in DeFi. We believe that the Finance will offer us with the aggressive edge as it will combine our livestreaming business enterprise with supply chain financial options and present a prospective extension on the resale organization of SMEs or KOLs’ mental homes with the intelligent contracts on the blockchain developed by means of DeFi. We currently estimate that our livestreaming ecommerce small business integrated with source chain finance will bring in at minimum US$50 million income in 2021 and will preserve a double-digit growth rate in the upcoming. We hope to repeatedly offer updates on the standing of our progress to our investors in 2021.”

About ZW Details Motion Technologies Inc.

Proven in 2003 and headquartered in Beijing, China, ZW Information Motion Technologies Inc. (the “Enterprise”) provides on the web promoting, precision marketing and advertising, information analytics and other worth-additional providers for company consumers. Leveraging its thoroughly built-in expert services platform, proprietary databases, and reducing-edge algorithms, ZW Knowledge Motion Systems delivers tailored, consequence-driven business enterprise methods for smaller and medium-sized company customers in China. The Firm also develops blockchain and artificial intelligence enabled website/cell purposes and computer software options for general public, enterprise clientele, and federal government companies. A lot more info about the Business can be discovered at: http://www.zdat.com/.

Safe and sound Harbor Assertion

This launch has sure “forward-seeking statements” relating to the small business of ZW Details Motion Technologies Inc., which can be identified by the use of forward-on the lookout terminology such as “believes,” “expects,” “anticipates,” “estimates” or similar expressions. This kind of forward-on the lookout statements contain recognised and unidentified risks and uncertainties, such as company uncertainties relating to governing administration regulation of our industry, market place need, reliance on vital staff, long term money specifications, levels of competition in standard and other factors that could lead to genuine success to be materially different from individuals explained herein as anticipated, considered, believed or predicted. Sure of these risks and uncertainties are or will be explained in better depth in our filings with the Securities and Trade Fee. These forward-on the lookout statements are primarily based on ZW Data Motion Technologies current expectations and beliefs about long term developments and their possible results on the Firm. There can be no assurance that long run developments impacting ZW Information Action Technologies will be all those predicted by ZW Knowledge Action Systems. These forward-looking statements contain a quantity of challenges, uncertainties (some of which are past the management of the Business) or other assumptions that may possibly lead to genuine effects or functionality to be materially distinct from those expressed or implied by these types of forward-wanting statements. ZW Facts Motion Systems undertakes no obligation to publicly update or revise any forward-wanting statements, no matter whether as a result of new information and facts, upcoming events or otherwise, other than as could be expected below applicable securities laws.

For a lot more information and facts, make sure you speak to:

Sherry Zheng
Weitian Group LLC
E-mail: [email protected]
Cellular phone: +1 718-213-7386

COMTEX_380046425/2471/2021-02-02T08:30:26

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The MarketWatch Information Section was not included in the development of this content.