ZW Data Action Technologies Inc. is a Nevada holding company that provides omni-channel advertising, data analysis, blockchain applications, and SaaS services, primarily controlling Chinese subsidiaries through contractual arrangements.

# Company Overview Summary

## Business Description
- ZW Data Action Technologies Inc. is a Nevada holding company that does not operate directly in China but controls its business through contractual arrangements with Chinese subsidiaries and VIEs.
- Main operations include:
  - **Omni-channel advertising services**
  - **Precision marketing and data analysis management systems**
  - **Blockchain-enabled web and mobile applications development**
  - **Software solutions and SaaS services**

## Revenue and Financial Performance
- **2024 Revenue:** approximately **$15.44 million**, down from **$30.59 million** in 2023.
- **2024 Net Loss attributable to stockholders:** **$3.76 million**; reduced from **$5.97 million** in 2023.
- **2024 Customer Base:** 426 clients, compared with 634 clients in 2023.

## Operations and Business Focus
- Shifted core business emphasis in 2024:
  - Moving from distribution of search engine marketing toward higher-margin digital advertising opportunities such as influencer marketing.
  - Continuing development and promotion of blockchain-based SaaS services.
  - Seeking to acquire AI capabilities and proprietary IP for improved marketing solutions and content creation.

## Key Products and Services:
1. **Internet Advertising, Precision Marketing, and Data Services:**
   - Distribution rights for search engine marketing services.
   - Provide influencer marketing services.
   - Operate advertising portals like 28.com and liansuo.com, focusing on small business opportunities.
   - Revenue in 2024 from these services: about **$14.7 million**.
   - Major clients: 426 clients in 2024.

2. **Blockchain-based SaaS Services:**
   - Developed and launched blockchain-powered platforms, including:
     - **BO!News:** a platform for business project exchange with blockchain-based information integrity, social forum with reward points, and blockchain contracts.
     - **OMG:** reward/loyalty token system consolidating multiple store reward points, used for business promotion and customer engagement.
   - Revenue in 2024 from blockchain SaaS: approximately **$0.75 million**.

## Employees
- Total employees: **25 full-time**.
- Breakdown:
  - Sales and marketing: **6 employees**
  - Operations and support: **6 employees**
  - Management and administrative: **13 employees**

## Additional Details
- The company has undergone a reverse stock split (1-for-4) effective September 30, 2024.
- The company is listed on Nasdaq Capital Market under the symbol **CNET**.
- As of April 15, 2025, about **2,301,205 shares** of common stock were outstanding.
- Market value of non-affiliate held shares (as of last fiscal quarter): approximately **$4.93 million** based on a share price of **$3.04**.

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**Note:** The information is based solely on the provided document and includes specific details like revenue, customer numbers, employee count, income, and operational focus.

ZW Data Action Technologies Inc. is a holding company engaged in internet advertising, precision marketing, blockchain-based SaaS, and e-commerce O2O advertising services mainly for SMEs in China.

# Company Overview: ZW Data Action Technologies Inc.

## Business Model and Operations
- **Nature of Business**: ZW Data Action Technologies Inc. is a holding company primarily engaged in providing internet advertising, precision marketing, blockchain-based Software-as-a-Service (SaaS), and e-commerce online-to-offline (O2O) advertising services, tailored mainly for small and medium enterprises (SMEs) in the People's Republic of China (PRC).
  
- **Operating Structure**: The company operates through its PRC subsidiaries and variable interest entities (VIEs).

### Key Services
1. **Internet Advertising Services**
   - Distribution of search engine marketing services purchased from key providers.
   - Sale of advertising space on online portals.
   - Related data services to optimize ad performance.

2. **Blockchain-based SaaS**
   - Development of blockchain-enabled web and mobile applications.
   - Services include unique NFT generation, data recording, sharing, and storage modules.

3. **O2O Advertising and Marketing Services**
   - Provision of value-added technical services related to e-commerce.

## Financial Information
- **Revenue**: The company generated total revenues of approximately **$30.59 million** for the year ended December 31, 2023, an increase from **$26.24 million** in 2022.
  
- **Net Loss**: The net loss attributable to stockholders was approximately **$5.97 million** for 2023, compared to **$9.79 million** in 2022, indicating an improvement in the company’s financial performance.

## Customer and Employment Details
- **Customers**: As of December 31, 2023, the company served **634 clients** using its internet advertising, marketing, and data services, a decrease from **760 clients** in 2022.
  
- **Employees**: The company had **50 full-time employees** across various roles:
  - 10 in sales and marketing
  - 12 in operations and support
  - 26 in management and administration
  - 2 in technology support and R&D

## Future Outlook
- The company plans to leverage its blockchain technology and expand its SaaS offerings. It aims to adapt to economic trends, particularly focusing on the recovery post-COVID-19 lockdowns, and intends to explore further opportunities for growth in customer engagements and technology applications. 

- Revenue from blockchain-based SaaS services was approximately **$0.08 million** in 2023, up from **$0.43 million** in 2022, reflecting initial phases of market adoption.

## Conclusion
ZW Data Action Technologies Inc. is positioned as a significant player in the internet advertising and blockchain technology sectors in China, focusing on providing tailored services for SMEs while navigating the complexities of the regulatory environment and economic challenges. The company shows signs of improved financial health and is strategically placed for growth in its core businesses.

ZW Data Action Technologies Inc.

10-K / April 15, 2025

10-K / June 28, 2024

10-K / April 15, 2025

Company Overview Summary

Business Description

Revenue and Financial Performance

Operations and Business Focus

Key Products and Services:

Employees

Additional Details