CNET Stock Price Increased Over 100%: Why It Happened

By Amit Chowdhry ● January 8, 2021
  • The stock price of ZW Data Action Technologies Inc (NASDAQ: CNET) is trading at over 100%. This is why it happened.

The stock price of China-based omnichannel advertising, precision marketing, and data analysis company ZW Data Action Technologies Inc (NASDAQ: CNET) is trading at over 100% today as it went from a previous close of $1.87 to $3.83 (as of 1:03 PM). One of the biggest reasons why the stock price is trading higher is due to a strategic partnership with Yujun Capital, according to Seeking Alpha. Yujun Digital is going to provide online branding and management service to ZW’s merchant clients

Yujun’s digital team consists of experts in the fields of new consumer products and digital transformation in the Guangdong-Hong Kong-Macao Greater Bay Area. And the team members include a Ph.D. in international economic relations, a former Tencent product director, former Tmall senior operation experts, and senior content marketing experts from MCN agencies. 

ZW Data believes that Yujun Digital’s capabilities dovetail well with its blockchain technology, big data platform, supply chain management capabilities, and private domain traffic operation capabilities. And ZW is confident that together they will build a strong management and consumer service platform for its merchant clients.

KEY QUOTE:

“ZW Data and Yujun Capital will build a five-dimensional platform with digital product selection, brand content marketing, digital growth, private domain traffic operation, and brand digital intelligence. Through integration of capital, strategy, brand, private domain, data and intelligent solutions, we strive to assist our clients in their brand building with blockchain technology. In particular, we hope to promote growth of national brands in the post-pandemic era when China’s economic policy shifts to domestic consumption.”

— Handong Cheng, Chairman and Chief Executive Officer of ZW Data

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.