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Datasea's Digital Technology Subsidiary Selected as Prospective Partner for Future Projects with Subsidiary of China Mobile

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Datasea Inc. (Nasdaq: DTSS) announced that its subsidiary, Heilongjiang Xunrui Technology, has been selected as a prospective partner by China Mobile Internet, a subsidiary of China Mobile. This selection allows Xunrui Technology to be considered for specific project cooperation contracts, leveraging Datasea's 5G-AI multimodal communication technologies. The partnership aims to promote joint development of communications and internet innovations, potentially contributing to Datasea's future revenue growth.

This selection is seen as a major milestone for Datasea, confirming its achievements in technological innovation and market expansion. It offers opportunities for growth in existing businesses, potentially broadening market channels and enhancing brand influence. China Mobile Internet, responsible for creating innovative communication products across China, chose Xunrui Technology for its professional R&D capabilities, customer expansion abilities, and proven performance in the 5G-AI multimodal communication technology industry.

Datasea Inc. (Nasdaq: DTSS) ha annunciato che la sua sussidiaria, Heilongjiang Xunrui Technology, è stata selezionata come partner potenziale da China Mobile Internet, una controllata di China Mobile. Questa selezione consente a Xunrui Technology di essere presa in considerazione per contratti di cooperazione specifici sui progetti, sfruttando le tecnologie di comunicazione multimodale 5G-AI di Datasea. L'obiettivo della partnership è promuovere lo sviluppo congiunto di innovazioni nelle comunicazioni e su internet, contribuendo potenzialmente alla crescita futura dei ricavi di Datasea.

Questa selezione è vista come una pietra miliare importante per Datasea, confermando i suoi successi nell'innovazione tecnologica e nell'espansione di mercato. Offre opportunità di crescita per le attività esistenti, potenzialmente ampliando i canali di mercato e migliorando l'influenza del marchio. China Mobile Internet, responsabile della creazione di prodotti innovativi per la comunicazione in tutta la Cina, ha scelto Xunrui Technology per le sue capacità R&D professionali, abilità di espansione della clientela e performance comprovate nell'industria della tecnologia di comunicazione multimodale 5G-AI.

Datasea Inc. (Nasdaq: DTSS) anunció que su filial, Heilongjiang Xunrui Technology, ha sido seleccionada como socio potencial por China Mobile Internet, una subsidiaria de China Mobile. Esta selección permite que Xunrui Technology sea considerada para contratos específicos de cooperación en proyectos, aprovechando las tecnologías de comunicación multimodal 5G-AI de Datasea. La alianza tiene como objetivo promover el desarrollo conjunto de innovaciones en comunicaciones e internet, contribuyendo potencialmente al crecimiento futuro de ingresos de Datasea.

Esta selección es vista como un hito importante para Datasea, confirmando sus logros en innovación tecnológica y expansión de mercado. Ofrece oportunidades de crecimiento en los negocios existentes, potencialmente ampliando los canales de mercado y mejorando la influencia de la marca. China Mobile Internet, responsable de crear productos de comunicación innovadores en toda China, eligió Xunrui Technology por sus capacidades profesionales de I+D, habilidades de expansión de clientes y rendimiento comprobado en la industria de la tecnología de comunicación multimodal 5G-AI.

Datasea Inc. (Nasdaq: DTSS)는 자회사인 Heilongjiang Xunrui Technology가 China Mobile의 자회사인 China Mobile Internet에 의해 잠재적인 파트너로 선정되었다고 발표했습니다. 이 선정은 Xunrui Technology가 Datasea의 5G-AI 다중 모드 통신 기술을 활용하여 특정 프로젝트 협력 계약을 고려할 수 있게 합니다. 이 파트너십의 목표는 통신 및 인터넷 혁신의 공동 개발을 촉진하고, Datasea의 미래 수익 성장에 기여하는 것입니다.

이번 선정은 Datasea에게 중요한 이정표로 여겨지며, 기술 혁신과 시장 확장에서의 성과를 확인시킵니다. 이는 기존 비즈니스에서 성장 기회를 제공하며, 시장 채널을 넓히고 브랜드 영향력을 강화할 가능성이 있습니다. 혁신적인 통신 제품을 중국 전역에서 제작하는 China Mobile Internet는 Xunrui Technology를 전문적인 연구개발 능력과 고객 확장 능력, 그리고 5G-AI 다중 모드 통신 기술 산업에서의 검증된 성과로 선택하였습니다.

Datasea Inc. (Nasdaq: DTSS) a annoncé que sa filiale, Heilongjiang Xunrui Technology, a été choisie comme partenaire potentiel par China Mobile Internet, une filiale de China Mobile. Cette sélection permet à Xunrui Technology d'être considérée pour des contrats de coopération spécifiques sur des projets, en tirant parti des technologies de communication multimodale 5G-AI de Datasea. L'objectif de ce partenariat est de promouvoir le développement conjoint d'innovations en matière de communications et d'internet, contribuant potentiellement à la croissance future des revenus de Datasea.

Cette sélection est perçue comme un jalon majeur pour Datasea, confirmant ses réussites en innovation technologique et en développement de marché. Elle offre des opportunités de croissance pour les activités existantes, pouvant potentiellement élargir les canaux de marché et renforcer l'influence de la marque. China Mobile Internet, responsable de la création de produits de communication innovants à travers la Chine, a choisi Xunrui Technology pour ses capacités de R&D professionnelles, ses compétences en expansion clientèle et ses performances éprouvées dans l'industrie des technologies de communication multimodale 5G-AI.

Datasea Inc. (Nasdaq: DTSS) gab bekannt, dass ihre Tochtergesellschaft Heilongjiang Xunrui Technology von China Mobile Internet, einer Tochtergesellschaft von China Mobile, als potenzieller Partner ausgewählt wurde. Diese Auswahl ermöglicht es Xunrui Technology, für spezifische Projektkooperationsverträge in Betracht gezogen zu werden und dabei die 5G-AI multimodalen Kommunikationstechnologien von Datasea zu nutzen. Die Partnerschaft zielt darauf ab, die gemeinsame Entwicklung von Innovationsprojekten in der Kommunikation und im Internet zu fördern, was potenziell zum zukünftigen Umsatzwachstum von Datasea beitragen könnte.

Diese Auswahl wird als ein wichtiger Meilenstein für Datasea angesehen und bestätigt dessen Erfolge in der technologischen Innovation und Markterweiterung. Sie bietet Wachstumschancen für bestehende Geschäfte, was potenziell die Marktkanäle erweitern und den Einfluss der Marke stärken könnte. China Mobile Internet, das für die Schaffung innovativer Kommunikationsprodukte in ganz China verantwortlich ist, wählte Xunrui Technology aufgrund ihrer professionellen F&E-Fähigkeiten, ihrer Kundenexpansionsmöglichkeiten und ihrer nachgewiesenen Leistung in der Industrie der 5G-AI multimodalen Kommunikationstechnologie.

Positive
  • Selection as a prospective partner by China Mobile Internet, a subsidiary of one of the world's largest mobile operators
  • Potential for future revenue growth through specific project collaborations
  • Opportunity to broaden market channels and enhance brand influence
  • Recognition of Datasea's technological innovation and market expansion achievements
Negative
  • No specific project contracts signed yet, only selected as a prospective partner
  • Actual revenue impact depends on future project selections and collaborations

This partnership with China Mobile Internet represents a significant opportunity for Datasea to expand its market presence and validate its 5G-AI technology. However, it's important to note that being in the Partner Database doesn't guarantee immediate revenue or specific projects. The real impact will depend on:

  • The number and scale of projects Datasea actually secures
  • How Datasea's technology integrates with China Mobile's existing infrastructure
  • The revenue-sharing model or pricing structure for any future collaborations

While this news is potentially positive, investors should remain cautious until concrete projects and financial terms are announced. The true value of this partnership will only be realized if it translates into substantial revenue growth and market share expansion for Datasea in the competitive Chinese telecom market.

From a financial perspective, this partnership holds promise but lacks immediate tangible impact. Key considerations:

  • No specific financial terms or project details are provided, making it difficult to quantify the potential revenue impact
  • Datasea's current financial position and how this opportunity compares to existing revenue streams is unclear
  • The competitive landscape and Datasea's ability to convert this opportunity into profitable contracts remain uncertain

Investors should monitor for future announcements detailing specific projects, contract values and timelines. Until then, this news should be viewed as a positive development for Datasea's business prospects, but not a guarantee of improved financial performance. The company's ability to leverage this partnership into tangible financial results will be important for long-term value creation.

The Prospective Partnership with a Subsidiary of China Mobile, one of the World's Largest Mobile Operator, Underscores DTSS' Achievements in 5G-AI Communications

BEIJING, Aug. 6, 2024 /PRNewswire/ -- Datasea Inc. (Nasdaq: DTSS) ("Datasea" or the "Company"), a digital technology company incorporated in Nevada, engaged in innovative businesses in high-tech intelligent acoustics in the United States, and 5G-Artificial Intelligence ("AI") multimodal communication technology in China, today announced that on July 17, 2024, the Company's wholly-owned subsidiary, Heilongjiang Xunrui Technology Co., Ltd. ("Xunrui Technology"), was selected by China Mobile Internet Co., Ltd. ("China Mobile Internet") as a prospective partner in its database of companies (the "Partner Database"), that may be chosen to sign specific project cooperation contracts. China Mobile Internet is a subsidiary of China Mobile, one of the world's largest mobile operator and the largest wireless carrier in China.

According to the announcement released on July 8, 2024 by China Mobile Internet regarding choosing prospective partners for the Database, Xunrui Technology will now be able to be selected to undertake specific projects for China Mobile Internet, leveraging the development and application of Datasea's advanced 5G-AI multimodal communication technologies. This collaboration aims to promote the joint development of communications and internet innovations, and has the potential to contribute to future revenue growth for Datasea.

Ms. Liu Zhixin, CEO of Datasea, commented, "Our selection as a prospective partner of a China Mobile core subsidiary is a major milestone in our corporate development and a confirmation of our achievements in technological innovation and market expansion. We believe that this opportunity for collaboration will provide new possibilities for growth of our existing businesses, which may enable Xunrui Technology to further broaden its market channels, enhance brand influence, and offer higher quality products and services to a wider range of customers."

As a specialized subsidiary of China Mobile, China Mobile Internet is responsible for creating CHBN ("Customer", "Home", "Business" and "New" markets) innovative communication and internet products throughout China. Through its Database, China Mobile Internet selects enterprises to partner with that have project integration capabilities, platform integration capabilities, rapid development capabilities and rapid delivery capabilities.

Xunrui Technology, Datasea's subsidiary, with its professional R&D capabilities, customer expansion capabilities, and proven performance in the 5G-AI multimodal communication technology industry, passed the rigorous review of China Mobile Internet. and officially became a member of its Partner Database. This means that Xunrui Technology will have the opportunity to collaborate with China Mobile Internet on specific projects in the future, jointly promoting the development and application of cutting-edge technologies such as 5G, AI, and multimodal communication.

Mr. Li, the head of the CHBN project at China Mobile Internet, stated, "We are very excited to establish this relationship with Datasea. Datasea's project integration capabilities, platform integration capabilities, rapid development capabilities, and rapid delivery capabilities in 5G communication and the internet have genuinely impressed us, especially its AI-based 5G multimodal platform, which has the potential to further enhance the product value, service capability, operational capability, and innovation capability of CHBN innovative products. We look forward to specific collaborations with Datasea on a number of innovative projects."

About Datasea Inc.

Datasea Inc. ("Datasea") is a leading provider of products, services, and solutions for enterprise and retail customers in its innovative industries, Acoustics and 5G-AI multimodal communication, especially focusing on ultrasonic, infrasound and directional sound technology. The Company's advanced R&D technology serves as the core infrastructure and backbone for its products. Its 5G multimodal communication segment operates on a cloud platform based on AI. Datasea leverages cutting-edge technologies, precision manufacturing in its Acoustics business, utilizing ultrasonic sterilization to combat viruses and prevent human infections, and is also developing innovations in directional sound and medical ultrasonic cosmetology. In July 2023, Datasea established a wholly-owned subsidiary, Datasea Acoustics LLC, in Delaware, in a strategic move to mark its global presence. This underlies Datasea's commitment to Acoustics hi-tech and its intent to offer leading edge acoustic products and solutions to the U.S. market. For additional information, please visit: www.dataseainc.com.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will", "expects", "anticipates", "future", "intends", "plans", "believes", "estimates", "target", "going forward", "outlook," "objective" and similar terms. Such statements are based upon management's current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and which are beyond Datasea's control, which may cause Datasea's actual results, performance or achievements (including the RMB/USD value of its anticipated benefit to Datasea as described herein) to differ materially and in an adverse manner from anticipated results contained or implied in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in Datasea's filings with the U.S. Securities and Exchange Commission, which are available at www.sec.gov. Datasea does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.

Investor and Media Contacts: 

Datasea Investor Relations
Email:    investorrelations@shuhaixinxi.com
              sunhezhi@shuhaixinxi.com 

Precept Investor Relations LLC
David Rudnick
+1 646-694-8538
david.rudnick@preceptir.com

Cision View original content:https://www.prnewswire.com/news-releases/dataseas-digital-technology-subsidiary-selected-as-prospective-partner-for-future-projects-with-subsidiary-of-china-mobile-302215427.html

SOURCE Datasea Inc.

FAQ

What is the significance of Datasea's subsidiary being selected by China Mobile Internet?

Datasea's subsidiary, Xunrui Technology, being selected as a prospective partner by China Mobile Internet is significant as it allows the company to be considered for specific project cooperation contracts. This partnership could lead to future revenue growth and expanded market opportunities for Datasea in the 5G-AI multimodal communication technology sector.

How might this partnership affect Datasea's (DTSS) stock performance?

While the partnership's potential is promising, its direct impact on Datasea's (DTSS) stock performance is yet to be determined. The selection as a prospective partner could positively influence investor sentiment, but actual stock performance will likely depend on the materialization of specific projects and their financial outcomes.

What technologies does Datasea (DTSS) specialize in that attracted China Mobile Internet?

Datasea (DTSS) specializes in 5G-AI multimodal communication technologies. China Mobile Internet was particularly impressed by Datasea's AI-based 5G multimodal platform, which has the potential to enhance product value, service capability, operational capability, and innovation in CHBN (Customer, Home, Business, and New markets) innovative products.

When was Datasea's subsidiary selected for China Mobile Internet's Partner Database?

Datasea's subsidiary, Heilongjiang Xunrui Technology, was selected for China Mobile Internet's Partner Database on July 17, 2024, following an announcement by China Mobile Internet on July 8, 2024, regarding the selection of prospective partners.

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