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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) has announced a significant milestone in 5G messaging services through its subsidiary, Hangzhou Shuhai Zhangxun. The company assisted ZTO Express in executing China's first delivery order via 5G messaging, indicating the service's readiness for commercial use. Following Shuhai Zhangxun's authorization from ZTO in June to create messaging templates tailored for the express delivery sector, Datasea has successfully dispatched 5 million 5G messages since the pilot launch. The company aims to enhance communication efficiency across various industries using 5G technology.
On November 18, 2021, Datasea (NASDAQ: DTSS) announced its subsidiary, Hangzhou Shuhai Zhangxun, secured a $378K contract with China Mobile Guangzhou Branch. This contract focuses on providing Cloud Transformation Services, aiding Shenzhen Qikai Technology in migrating its property management system to the cloud. The one-year contract includes essential services like cloud computing, data migration, and cloud security.
CEO Zhixin Liu emphasized the significance of 5G technology as a key revenue driver and highlighted the synergistic potential across Datasea's business sectors.
Datasea Inc. (NASDAQ: DTSS) announced a $4.67 million procurement contract for Messaging Services with Jiangxi Zhouwang Network Technology. Through its subsidiary, Shuhai Zhangxun, Datasea will provide access to Short Message and 5G Multimedia Message platforms, including necessary infrastructure from Chinese mobile operators. The contract, valued at no less than RMB 30 million, spans one year with monthly invoicing following service commencement. CEO Zhixin Liu highlighted this partnership as a key step in enhancing Datasea's 5G messaging strategy and positioning the company for sustainable growth.
Datasea Inc. (NASDAQ: DTSS) announced a $3.87 million procurement contract with Liangzi Xuntong Technology Co., Ltd. to provide Short Message and 5G Multimedia Message Services. The contract includes access to Shuhai Zhangxun's messaging platforms and telecommunications gateways, with a minimum purchase commitment of RMB 25 million. The one-year contract outlines monthly prepayment terms based on message estimates. CEO Zhixin Liu emphasized the company’s commitment to market presence and strong performance in the 5G Messaging sector.
Datasea Inc. (NASDAQ: DTSS) has announced a new agreement through its subsidiary, Shuhai Zhangxun, to provide Short Message and 5G Multimedia Message Services to Hubei Kuanyun Network Technology. The contract is valued at no less than RMB 28 million (approximately USD 4.33 million) over one year. The agreement enables Hubei Kuanyun access to Datasea's messaging platforms and telecommunications gateways, facilitating communication with clients and partners. CEO Zhixin Liu emphasized the company's commitment to enhancing its 5G messaging offerings to meet market demands.
Datasea Inc. (NASDAQ: DTSS) has successfully completed a registered direct offering of 2,436,904 shares at $3.48 per share, generating approximately $8.48 million in gross proceeds. Each share purchased includes an unregistered warrant for 0.45 shares at an exercise price of $4.48, expiring in two and a half years. The net proceeds, estimated at $7.6 million, will be used for corporate purposes and debt repayment. FT Global Capital acted as the exclusive placement agent.
Datasea Inc. (NASDAQ: DTSS) has announced a registered direct offering of securities, aiming for gross proceeds of $8,480,425.92 before expenses. The company will sell 2,436,904 shares of common stock at $3.48 per share, with investors receiving 0.45 warrants for each share purchased, available for exercise at $4.48 over two and a half years. The funds will be used for general corporate purposes and debt repayment, with the offering expected to close around July 22, 2021.
Datasea Inc. (NASDAQ: DTSS) announced its subsidiary, Shuhai Zhangxun, has signed six new purchase and distribution agreements to enhance its 5G Message-marketing Cloud Platform (5G MMCP) Version 3.0 across China. These partnerships will allow six companies to distribute the platform in designated districts, with total engagements valued at RMB 886,000 (approx. USD 136,940), including RMB 490,400 received to date (USD 75,796). CEO Liu Zhixin highlighted growing demand and a comprehensive marketing strategy aimed at revenue growth from the commercialization of 5G messaging.
Datasea (NASDAQ: DTSS) announced a partnership with the National Engineering Laboratory for Logistics Information Technology to develop 5G Messaging standards in China’s express industry. This cooperation aims to enhance logistics operations using Datasea's 5G Message-marketing Cloud Platform. The partnership, led by YTO Express, a major player in the sector, is expected to improve operational efficiency, reduce costs, and enhance consumer satisfaction in logistics services.
Datasea Inc. (NASDAQ:DTSS) announced the launch of its 5G Message-marketing Cloud Platform (5G MMCP) Version 3.0 through its subsidiary, Shuhai Zhangxun. The company signed six purchase agreements valued at approximately RMB 1.042 million (USD 162,900) with partners across several Chinese cities, receiving RMB 998,000 (USD 156,020) already. The upgraded platform aims to enhance marketing capabilities for SMEs through improved services in various industries, signifying Datasea's commitment to innovation and growth in the tech sector.
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