Welcome to our dedicated page for Datasea news (Ticker: DTSS), a resource for investors and traders seeking the latest updates and insights on Datasea stock.
Datasea Inc. (DTSS) combines cutting-edge intelligent acoustics with 5G-AI digital solutions, serving enterprises and consumers through innovative technologies. This news hub provides investors and industry observers with essential updates about the company's strategic developments.
Access real-time announcements including product launches, financial results, and partnership agreements. Our curated collection features press releases about acoustic innovations in healthcare environments, advancements in cloud-based AI platforms, and expansion initiatives across global markets.
Key updates cover regulatory milestones, technology patents, and enterprise software deployments. Bookmark this page to monitor Datasea's progress in ultrasonic sterilization systems, multimodal data discovery tools, and government intelligence solutions.
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Datasea Inc. (NASDAQ:DTSS) has announced the establishment of a new subsidiary, Shuhai Zhangxun Information Technology Co., Ltd., focused on 5G opportunities and related value-added services. The initiative aims to leverage Datasea's technology in smart security and big data to explore 5G messaging and enhance user experiences. CEO Zhixin Liu highlighted the potential of Rich Communication Services (RCS), predicting significant market growth, with RCS valued at approximately USD $74 billion by the end of 2021. This move reflects Datasea's commitment to improving its offerings across various business lines.
Datasea Inc. (NASDAQ:DTSS) has signed a five-year agreement with Zhejiang Kecai Technology Transformation Services Ltd. to provide smart consumptive payment services. Datasea will offer hardware, maintenance, and software installation for a share of 0.25% from transaction values, which are estimated to reach RMB 250 million (about USD 38 million) annually. This could result in earnings of approximately RMB 625,000 (USD 95,630) for Datasea. The services utilize advanced technologies like code scanning and facial recognition to streamline payment processes.
Datasea (NASDAQ: DTSS) has secured service agreements for its Smart Information Service System with five companies including Guangdong Dingxin Hongtu Technology and Shenzhen Odomco Wine. Through these agreements, which span five years, Datasea will earn approximately 0.38% of transaction values from its technology, estimating annual revenues around RMB 0.976 million (approximately USD 148,742). The Smart System uses facial recognition to facilitate POS transactions, enhancing efficiency and safety for retail vendors.
Datasea Inc. (NASDAQ: DTSS), a technology company focused on smart security and education technologies in China, has signed a common stock purchase agreement with Triton Funds LP. Under this agreement, Triton will purchase up to $2.0 million of Datasea's common stock through December 31, 2020, with a maximum of 523,596 shares. The purchase price will be 90% of the lowest closing price over five business days prior. The company plans to use the proceeds for general corporate purposes. This offering is conducted under an effective SEC registration statement.
Datasea Inc. (NASDAQ: DTSS) has signed service agreements for its Smart Information Service System with multiple companies in Guangdong, China. The system, which incorporates facial recognition technology and big data analytics, enables retailers to charge customers without physical interaction. Datasea will earn 0.38% of each transaction made using its technology. Each agreement has a term of one year. The company's CEO, Liu Zhixin, expressed optimism about the agreements, highlighting the ability to meet the needs of retailers.
Datasea Inc. (NASDAQ: DTSS) has announced a Cooperation Framework Agreement with China Africa Friendship Town Investment Group Limited (CAFTI) to expand its operations in Africa. This partnership aims to promote Datasea's products, including automatic temperature measurement devices, infrared imagers, and facial recognition tools across various countries. The agreement provides an additional sales channel through CAFTI's established network in regions like Uganda and Ethiopia, aligning with Datasea’s international growth strategy.
Datasea Inc. (NASDAQ: DTSS) has been awarded a subsidy of RMB 300,000 (approximately USD 43,000) from the Harbin Municipal Government to improve its Safe Campus Management System, part of the government’s “Eagle Plan” initiative aimed at fostering innovative technologies. This system enhances K-12 security through intelligent video and identity recognition, and now includes infrared temperature monitoring. The CEO expressed that this grant acknowledges their efforts in educational security technology and supports ongoing research and development.
Datasea Inc. (NASDAQ: DTSS) has signed a three-year agreement with Beijing Tengyuejunjie Parking Management to install its proprietary Control System in a residential community in Chaoyang District, Beijing. The contract is valued at approximately $7,800 (RMB 55,000) and represents the company's first engagement of this nature in the capital. The system, designed for monitoring public health threats, includes features such as contactless body temperature measurement and AI-based facial recognition. This expansion reflects Datasea's aim to capture more of Beijing's 21 million residents.
Datasea Inc. (NASDAQ: DTSS) has announced a contract to deploy its Safe Campus Intelligent Management and Control Platform at Harbin New District No. 1 School, marking a significant pilot project for the company.
The agreement entails the provision of software, hardware, and installation services, totaling RMB 392,000 (approximately USD 55,861). This initiative aims to enhance school operations through features like homework tracking and attendance monitoring.
Chairman and CEO Liu Zhixin emphasized the commercial potential of the platform, supported by local government backing.
Datasea (NASDAQ: DTSS) announced that its subsidiary, Heilongjiang Xunrui Technology, received approximately $113,000 in subsidies from the Harbin Municipal Government to implement its Safe Campus Management System at two schools. The system features intelligent video surveillance and health monitoring capabilities. This project marks a significant step in expanding Datasea's presence in Harbin, which has over 10 million residents and 2,000 K-12 schools. Datasea's CEO expressed optimism about the project's future commercialization.
