Datasea Inc Stock Price, News & Analysis

Datasea Inc. (NASDAQ:DTSS) has launched its 5G Messaging Product Version 2.0 through its subsidiary, Shuhai Zhangxun. This intelligent all-in-one messaging marketing cloud platform integrates various marketing tools, analytics, and messaging channels aimed at small and medium enterprises (SMEs) for digital transformation. The development aligns with telecom guidelines, incorporating Chatbot applications across multiple industries. Datasea is recognized as a high-tech enterprise in China, focusing on innovative security solutions and education technologies.

Datasea Inc. (NASDAQ:DTSS) announced agreements to provide Smart Community Security Services in China through its subsidiary Guozhong Haoze. This initiative includes a purchase agreement with Tianjin Yidong Fenxiang for hardware worth RMB 119,640 (~$18,497), enabling contactless body temperature measurement. Collaborations with multiple property management firms will see the installation of security systems and training sessions. The service agreements allow Datasea to earn 90% of advertising revenue from the installed systems, with terms ranging from one to five years.

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.