By Chris Wack
ZW Data Action Technologies Inc. said Thursday it was selected as a key agent for merchant advertising in 2021 by 360 Security Technology Inc., a Chinese internet security company.
ZW Data said it has been maintaining a long-term cooperative relationship with 360 Security in various fields, and this arrangement extends their relationship to in-depth and close cooperation for precision merchant advertising on digitized platform.
The companies expect the cooperation would create a potential affiliate income of $5 million for 2021.
ZW Data Action shares were up 33% to $2.97 in premarket trading.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
01-14-21 0854ET