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Datasea Inc. (Nasdaq: DTSS) is a dynamic digital technology company incorporated in Nevada, specializing in innovative businesses that merge acoustic high-tech and 5G-Artificial Intelligence (AI) multimodal communication technologies. With a commitment to advancing cutting-edge solutions, Datasea operates primarily in the United States and China.
The company leverages its advanced R&D technology to serve as the core infrastructure and backbone for its products. It focuses on a wide array of applications, from business software, healthcare, to government intelligence. Datasea’s ad-hoc query and reporting engine can discover data relationships across multiple data sources and generate reports effortlessly, akin to a search engine interface.
In the realm of Internet security, Datasea offers a suite of services and products including Internet Security Equipment, New Media Advertising Services, Micro Marketing Services, Internet Service Provider (ISP) Connecting Services, and Big Data Processing Services. The company’s business activities are predominantly conducted in China.
In 2024, Datasea announced several pivotal developments. Notably, its subsidiary Shuhai Jingwei entered a Manufacturing Cooperation Agreement with Broadway Precision Technology to accelerate the production and marketing of hi-tech intelligent acoustic deodorization and disinfection products. These upgraded products are equipped with an ultrasonic core module providing functions like odor removal, sterilization, and air purification.
Datasea also entered into a 5G AI Multimodal Communication Cooperation Agreement with Xiamen Star Miracle Information Technology, valued at approximately $30 million, to provide 5G multimodal communication services. This collaboration is set to enhance Datasea’s market presence in China’s burgeoning 5G sector.
Furthering its distribution strategy, Datasea signed a Sales Agreement worth $8.45 million with Shenzhen Xiaoranfang Marketing Co., Ltd., aimed at boosting sales of its
Datasea Inc. (NASDAQ: DTSS), a digital technology firm based in Nevada, announced a collaboration with Hangzhou Chongda Technology Co., Ltd. to enhance 5G messaging recharge services in China. Signed on February 16, 2023, the agreement allows Chongda to purchase up to 1.1 million virtual recharge cards valued at approximately USD 29.81 million (RMB 205 million) over a year. Since the agreement's inception, Datasea has provided recharge services worth USD 0.85 million (RMB 5.82 million), highlighting its commitment to the 5G messaging sector. CEO Zhixin Liu expressed optimism about identifying customers for their services, indicating potential revenue growth. This cooperation affirms Datasea's status as a leading 5G messaging provider in China, as it continues to deliver efficient, tailored recharge solutions to diverse clients.
Datasea Inc. (NASDAQ: DTSS) announced that its subsidiary, Hangzhou Shuhai Zhangxun Information Technology Co., Ltd., contributed to drafting the 'General Technical Requirements for 5G Messaging Services in the Express Delivery Industry' in collaboration with the China Express Association. This document details various aspects of 5G messaging, aiming to enhance service capabilities in the industry. Datasea's CEO highlighted this milestone as a testament to their leadership and commitment to innovation in 5G technology. The company is focused on leveraging 5G messaging to improve connectivity and engagement for business clients.
Datasea Inc. (NASDAQ: DTSS) announced a product cooperation agreement between its subsidiary, Hangzhou Shuhai Zhangxun Information Technology Co., Ltd., and China Mobile (Suzhou) Software Technology Co., Ltd. This agreement allows Shuhai Zhangxun to launch a Converged Cloud SaaS Product on China Mobile's cloud open market. The partnership aims to enhance 5G messaging services and AI personalized service capabilities, significantly improving competitiveness and access to China Mobile's extensive customer base. Datasea's SaaS product suite includes a variety of messaging services, further supported by an innovative chatbot integrated into its 5G Messaging Marketing Cloud Platform.
Datasea Inc. (NASDAQ: DTSS) reported Q2 2023 financial results, revealing a significant revenue drop of 95% to $425,710, down from $8,979,479 in Q2 2022, primarily due to a decline in 5G SMS services impacted by COVID-19. Gross profit decreased 78% to $54,330, though gross margin improved to 12.8%. The company is shifting its 5G SMS policy to collect advance payments to mitigate risks. Despite current challenges, demand for air purification products remains strong, and Datasea aims to enhance its portfolio and client base, leveraging new SaaS products and expanding into various sectors through targeted marketing strategies.
Datasea Inc. (NASDAQ: DTSS) launched its Hailijia air sterilizer campaign on December 8, 2022, featuring product showcases in major Chinese cities. The Hailijia line, designed to combat airborne pathogens, boasts five models with ultrasonic disinfection technology proven effective against Covid-19 and other microorganisms. Datasea has secured eight marketing agreements to bolster distribution. The company aims to drive growth through innovative products and has received patents and certifications for its technology. CEO Zhixin Liu emphasized ongoing R&D investments to enhance their offerings.
Datasea Inc. (NASDAQ: DTSS) reported strong financial results for the first quarter of fiscal 2023, ending September 30, 2022, with revenue rising 73% to $1.16 million and gross profit increasing 136% to $150,197. The gross margin improved to 12.9% from 9.5% year-over-year. General and administrative expenses decreased by 6%. Despite a net loss of $1.34 million, down from $1.44 million in the prior year, the company is focused on enhancing its 5G messaging and acoustic intelligence businesses, indicating strong potential for ongoing growth and product rollouts.
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