CNET - ZW Data Action Technologies announces strategic cooperation with Nanyue

• ZW Data Action Technologies ( NASDAQ: CNET ) has entered into a LOI with Nanyue Health, a digital medicine and health platform owned by Guangdong Nanyue Pharmaceutical Co.
• Pursuant to which the parties shall form a strategic partnership to jointly conduct marketing, share resources, jointly operate traffic and cooperate on other aspects of the Smart Medicine Cabinet Machine and Chan Li Chai Health Project.
• ZW Data will provide the services which include market expansion and on-off line self-service machine smart service and Blockchain Technology in two phases.
• "This cooperation between the Company and Nanyue Health in the huge potential markets will help expand the Company’s franchise business." said Handong Cheng, Chairman and CEO of ZW Data.
• CNET shares -13.0% to $0.98.

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