ZW Data Action Technologies Announces Cooperation with Haishuyun to Provide Customers with Taxation, Payment and Other Value-added Services

ZW Data Action Technologies, Inc. (Nasdaq: CNET) today announced that it entered into a partnership with Guangzhou Haishuyun Technology Co., Ltd (“Haishuyun”). The two parties will explore cooperative solutions for the development of chain brands, while supporting traditional industries and brands, assisting customers in achieving digital transformation in taxation, aggregated payments, and providing clients with diversified value-added services.

As the economy experiences a rapid recovery following the COVID-19 pandemic, a significant number of customers are seeking cost reduction and efficiency improvement opportunities. They aim to increase profits through digital online payments, automated settlements, and optimized tax planning strategies. Recognizing these customer needs, ZW Data has promptly introduced comprehensive digital services to address the growing demand.

Haishuyun is a platform-based industrial internet SaaS services provider, specializing in payment settlement and tax planning solutions. Haiyunshu’s comprehensive industrial service platform caters to an impressive roster of renowned enterprises such as China Railway Guangzhou Group Co., Ltd., Solis Holdings, and Shenzhen Division Co.,Ltd. Haishuyun’s subsidiary, Yindian Technology, is a core strategic partner of numerous financial institutions, including China UnionPay, WeChat Pay, Alipay, JD.com, ICBC, CCB, CMB, SPDB, Ping An, and Zhongbang Bank.

In this collaboration, Haishuyun and ZW Data will leverage their respective strengths and advantages in blockchain technology, financial and tax consulting, aggregated payment technology, and franchise expertise to integrate resources and channels. While providing franchise services, ZW Data, together with Haishuyun, will offer convenient, efficient, and compliant “payment + split account + tax planning” SaaS tools and other value-added services to thousands of franchise brands and franchisees, providing clients with the optimal financial and tax compliance paths. Moreover, ZW Data plans to develop a financial and tax payment blockchain alongside Haishuyun, co-creating products that support the integration of financial and tax systems with business systems while further expanding blockchain technology applications.

“By proactively delivering diversified value-added services in addition to…