ZW Data Action Technologies and Superwin Technology to develop Web3.0 application service platform, CIOSEA News, ETCIO SEA

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 strategic cooperation with Superwin Technology Pte. Ltd. (“Superwin”). Both parties intend to jointly establish a Web3.0 application service platform (“Platform”), through which the Company expects to provide basic computing power and blockchain services for Web3.0 application suppliers. The Company expects to bring commercial value to enterprise users and achieve efficiency in utilising computing power resources, integrated management, and flexible scheduling, through the Platform.

Superwin, headquartered in Singapore, operates data center, computing and mining facilities globally, and provides full compliant services to modern Blockchain Miners and other regional Cloud Service Providers in Singapore. Superwin collaborates with the regional leading and high graded data center operators, and also works with world’s leading data center solution suppliers, such as Inventec, Quanta and Huawei. It serves customers from Singapore, United States, Canada, Hong Kong (region), Taiwan (region), Germany, Japan, South Korea, Malaysia and other countries or regions.

The two parties expect to establish the platform with low-cost and cost-effective computing power and blockchain services for the Web3.0 applications suppliers. Superwin will provide the infrastructure of computing power, while the Company will provide the technology of establishing the platform and blockchain services, and introduce Web3.0 applications in various scenarios into the platform. Through the deployment of smart contracts, we believe that the platform provides fast access services to partners with Web3.0 business needs, enabling them to use computing power resources more flexibly to complete data analysis and business computing tasks, and promote business processes and management activities. We anticipate that the platform will be able to allocate computing power resources based on the needs of Web3.0 applications to maximise 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 Web3.0 industry is backed by the continuous development of computing power. Currently, the development of Web3.0 applications has reached the stage of commercialisation. We plan to take advantage of the opportunities in the rapidly growing Web3.0 industry, and we believe in the great potential for improvement in the efficiency of computing power usage. We aim to reduce cost, increase efficiency, and support greater computing power demand with existing hardware scale for the Web3.0 application suppliers through the platform. We believe that our approach to reducing the cost of computing power for Web3.0 applications will be meaningful for our clients and the development of the Web3.0 industry. Going forward, we will continue to explore business opportunities in the markets with high growth and great potential to increase our market presence and profitability,” commented Handong Cheng, Chairman and Chief Executive Officer of ZW Data.