 BEIJING, May 26, 2021 GLOBE NEWSWIRE -- ZW Data Action Technologies, Inc. Nasdaq: CNET ZW Data or the Company, an integrated Internet advertising, precision marketing, data analytics and enhanced value-added blockchain services provider serving enterprise clients, today announced that its wholly-owned subsidiary ChinaNet Online Guangdong Technology Co., Ltd. was authorized as an advertising service provider for KOLs and Ecommerce in 2021 by Tencent Holdings Ltd, a leading provider of Internet value added services in China SEHK: 00700 Tencent. Tencent serves over 1.2 billion users for their digital needs, and as such, its effective advertising platform helps brands and marketers reach out to hundreds of millions of consumers in China. 