ZW Data Action Technologies, Inc. (“ZW Data” or the “Company”), an integrated online advertising, precision marketing, data analytics, and other value-added services company, 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.

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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 technology, new retail and new catering industries and more. ZW Data has been deeply involved in the investment promotion industry for more than 10 years, and has a deep understanding of entrepreneurs and investment promotion brands. The Company expects that this cooperation will lead thousands of key enterprises it has served to participate in the platform, and it will cooperate with several authoritative domestic and international media to provide entrepreneurs on the platform with a number of entrepreneurial services such as business incubators, entrepreneurial training, venture financing and investment matching, brand promotion, policy declaration and others. Meanwhile, ZW Data will form an entrepreneurial community in the Greater Bay Area based on the platform, creating a high-density private circle and social network to help each member enhance social influence. In addition, ZW Data and BTF plan to jointly organize several roadshows, and business coaching events, and hold business competition activities to attract more brands and investment institutions from the Greater Bay Area, and to evaluate and provide seed capital for potential entrepreneurs among the participants, providing screening of high-growth projects in the Greater Bay Area project for domestic and international capitals.

“Regional economy is one of the key areas of ZW Data’s strategic layout. The Greater Bay Area is a vibrant world-class city cluster with a very high level of regionalization and urbanization. ZW Data has already established service centers in Guangzhou and Shenzhen, and will cooperate with BTF to promote the innovative and integrated development of high-end professional services, which is expected to incubate a large number of high-net-worth quality enterprises. We also aim to bring the best quality service to these enterprises in the future,” commented Handong Cheng, Chairman and Chief Executive Officer of ZW Data.

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