ZW Data Action Technologies (CNET)
Provides influencer marketing, AI implementation, and marketing-IP licensing.
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Provides influencer and digital-marketing services outside mainland China while adding AI implementation and licensing marketing-management IP. Revenue chiefly comes from completed service work, within a structure that also consolidates PRC VIEs.
Runs Internet Ad and related services, primarily influencer marketing, managed campaigns across search, social, and mobile-app platforms, app-store optimization, and marketing strategy, for brands outside mainland China. The portfolio also includes AI Services for code generation, AI-agent design and deployment, implementation, maintenance, and optimization; IP Services that license marketing-management intellectual property; and Blockchain technology built around BIF SaaS, NFT generation, and mobile applications.
Operates through subsidiaries, PRC subsidiaries, and consolidated variable-interest entities. Marketing revenue is recognized on completion and acceptance, while IP-license revenue is recognized over the agreement term. The group is winding down low-margin PRC search-marketing distribution as it shifts advertising overseas; PRC rules, foreign-exchange restrictions, VIE enforceability, and cash-transfer limits constrain that structure.
Company facts
Categories
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $611.0K · Total debt $153.0K · Total assets $9.8M · Shareholders' equity $4.1M
- Revenue
- $652.0K
- Operating income
- −$381.0K
- Net income
- −$350.0K
No dividends on record.
| Insiders1 holder · as of May 5, 2026 | 7.11% | 260.8K shares | |
| Otherremainder | 92.89% | 3.41M shares |
3.67M company shares as of Sep 3, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Evidence |
|---|---|---|---|
Kai Chu1Insiderdirector | 7.11% | 260,833 | 13Dfiled May 5, 2026 ↗ |
Alto Opportunity Master Fund, SPC – Segregated Master Portfolio BStrategic | —2.21% of class, as filed | — | 13G/Afiled Feb 16, 2021 ↗ |
Intracoastal Capital LLCStrategic | —2.00% of class, as filed | — | 13Gfiled Feb 25, 2021 ↗ |
Kin Ming Justin TamInsiderdirector | 0.00% | 0 | Form 4filed Feb 5, 2025 ↗ |
- Kai Chu's own ownership statement (13D, May 5, 2026) reports fewer shares than the transaction reports; the statement is used.
13D/13G — an ownership statement filed at 5% or more · Form 4 — an insider's transaction report
Insider tradesForm 4
No open-market trades in the last 12 months.




