Datasea Inc - DTSS STOCK NEWS

Datasea Inc. (NASDAQ: DTSS) announced a significant purchase agreement between its subsidiary, Guohao Century, and Hangzhou Runsheng Network Technology on July 18, 2022. This agreement, valued at approximately USD 22.3 million, highlights an increasing demand for Datasea's 5G messaging services. Guohao Century will provide services including recharge payment options and telecommunication value-added services, thereby facilitating enhanced marketing efforts for Hangzhou Runsheng. CEO Zhixin Liu emphasized that this partnership positions Datasea favorably for achieving revenue and profitability goals.

Datasea Inc. (NASDAQ: DTSS) has expanded its customer base via its subsidiary, Shuhai Zhangxun, which offers Smart Push, a 5G messaging precision marketing solution. The company added eight new enterprise clients, with service fees ranging from RMB 2,000 to RMB 80,000. Shuhai Zhangxun's platform allows businesses to send personalized messages to target audiences effectively. This technology combines big data and 5G for improved marketing experiences. Datasea aims to enhance user engagement through personalized content across various industries, positioning itself as a leader in the 5G messaging sector.

Datasea Inc. (NASDAQ: DTSS) has announced a procurement agreement through its subsidiary Shuhai Jingwei with Zhangzhou Baina Intelligent Technology Co., Ltd. The agreement, valued at approximately USD 14.99 million, focuses on providing 5G messaging services to enhance customer interactions and operational efficiency in smart city solutions. It encompasses messaging recharge payment services and other telecommunications value-added services. The term of the agreement is set for six months, reflecting Datasea's commitment to advance innovative communication in smart technology.

Datasea (NASDAQ: DTSS) announced a marketing partnership with Shenzhen Daxin Jike Association to enhance its 5G messaging solutions in China. The Company has upgraded its sales model and expanded its sales team, adopting an integrated strategy that includes utilizing marketing partners and direct sales. Daxin Jike will assist small and medium-sized businesses in accelerating digital transformation through Datasea’s 5G integrated message marketing cloud platform. CEO Zhixin Liu highlighted the partnership as a milestone to diversify products and improve profit margins.

Datasea Inc. (NASDAQ: DTSS) reported significant growth for Q3 2022, with revenues of $6.64 million, a staggering increase of 37,463% year-over-year. Gross profit soared to $588,404, up 7,469% compared to Q3 2021, driven by its 5G messaging solutions, which secured over $17 million in contracts. The company expanded its client base for 5G messaging from 100 to nearly 200 enterprises and achieved recognition in the industry, enhancing its competitive position. Datasea also demonstrated progress in its acoustic intelligence and smart city segments.

Datasea Inc. (NASDAQ: DTSS) has announced non-binding one-year business cooperation agreements with Shen Zhen New Route Network Technology and QueTal Compra. These collaborations aim to enhance Datasea's market presence in North and South America by leveraging New Route's e-commerce experience and QueTal's regional stores. CEO Zhixin Liu highlighted the importance of these partnerships in expanding its capabilities and customer reach. Datasea focuses on 5G messaging, acoustic intelligence, and smart city technology, enhancing its distribution and logistics to create a stronger customer value proposition.

Datasea Inc. (NASDAQ: DTSS) announced a significant partnership with Heilongjiang Xunrui Technology Co., Ltd. to enhance its smart city technology offerings. The agreement involves establishing information systems for 100 residential communities, with a total budget of RMB 50 million (approximately USD 7.88 million) over two years. These 5G messaging solutions incorporate AI-driven face recognition for public safety and efficient community management. CEO Zhixin Liu emphasized the strategic synergy of integrating 5G messaging and smart city solutions, positioning Datasea for growth and technological advancement.

Datasea Inc. (NASDAQ: DTSS) announced a three-year collaboration between its subsidiary Shuhai Shengxiao Technology and Guangdong Canbo Electrical Co., Ltd. This partnership focuses on integrating Shuhai Shengxiao's acoustic intelligence technology into Canbo's disinfection cabinet products. Canbo dominates the disinfection cabinet market with a 40% online sales share as of November 2021. The collaboration aims to enhance user experience by reducing disinfection time from 3 minutes to 10 seconds and is projected to achieve annual sales of 500,000 units once product development is complete.

Datasea Inc. (NASDAQ: DTSS) announced a one-year partnership with Unicorner LLC to enhance its presence in the U.S. acoustic intelligence market. This collaboration will leverage Unicorner's supply chain management expertise to facilitate product distribution. According to CEO Zhixin Liu, this agreement is a strategic step towards building a global presence and offering high-quality products. Datasea is recognized as a High Tech Enterprise, focusing on 5G messaging, acoustic intelligence, and smart city technologies.