 BEIJING, Dec. 14, 2020 GLOBE NEWSWIRE -- ZW Data Action Technologies Inc.NASDAQ:CNET ZW Data or the Company, an integrated online advertising, precision marketing and data analytics and other value-added services company, today announced the closing on December 14, 2020 of its previously announced registered direct offering of 4,320,989 shares of common stock and warrants to purchase up to 1,728,396 shares of common stock, at a purchase price of 1.62 per share and corresponding warrant. The warrants have a term of three years and are not be exercisable for the first six months from the date of issuance. The warrants have an exercise price of 2.03. 