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 a cooperation strategic with Superwin P. of technology. Ltd. (“Superwin”). Both parties intend to jointly establish a Web3.0 application service platform (“Platform”), through which the Company expects to provide core computing and blockchain services for Web3.0 application providers. The Company expects to bring business value to business users and achieve efficiency in the use of computing power resources, integrated management and flexible scheduling through the Platform.

Singapore-based Superwin operates data centers, computing and mining facilities globally, providing full compliance services to modern Blockchain Miners and other regional cloud service providers in Singapore. Superwin collaborates with top-tier and regional leading data center operators, and also works with the world’s leading data center solution providers such as Inventec, Quanta and Huawei. It serves customers from Singapore, the United States, Canada, Hong Kong (region), Taiwan (region), Germany, Japan, South Korea, Malaysia, and other countries or regions.

The two parties hope to establish the platform with cost-effective and low-cost computing power and blockchain services for Web3.0 application providers. Superwin will provide the computing power infrastructure, while the Company will provide the technology to establish the platform and blockchain services, and introduce Web3.0 applications in various scenarios on the platform. Through the implementation of smart contracts, we believe that the platform provides quick access services to partners with Web3.0 business needs, allowing them to use computing power resources more flexibly to complete data analysis and business computing tasks, and promote business processes and administration activities. . We anticipate that the platform will be able to allocate computing power resources based on the needs of Web3.0 applications to maximize the use of computing power resources and support Web3.0 application scenarios in various industries.

“We are excited about the strategic cooperation with Superwin. The rapid development of the Web3.0 industry is supported by the continuous development of computing power. Currently, the development of Web3.0 applications has reached the commercialization stage. We plan to seize the opportunities in the rapidly growing Web 3.0 industry, and believe in the great potential for improvement in the efficiency of computing power usage. Our goal is to reduce costs, increase efficiencies, and support increased demand for computing power with existing hardware scale for Web3.0 application providers across the platform. We believe that our approach to lowering the cost of computing power for Web3.0 applications will be significant for our customers and the development of the Web3.0 industry. In the future, we will continue to explore business opportunities in high-growth markets with great potential to increase our market presence and profitability,” said Handong Cheng, President and CEO of ZW Data.