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Datasea Intelligent Technology Ltd. develops acoustic high-tech products and AI-powered multimodal digital solutions through a public holding-company structure. Its news commonly covers acoustic applications using ultrasonic, infrasound and directional sound technologies, including acoustic disinfection products, wellness care robots, environmental hygiene uses and research-stage industrial applications.
Company updates also address AI multimodal solution projects, 5G-AI digitalization, partner-supported commercialization, U.S. market activity through Datasea Acoustics LLC, and periodic financial results. The company completed a redomicile merger from Nevada to the British Virgin Islands in 2026, with the BVI company continuing as the Nasdaq-listed public holding company under DTSS.
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.
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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.
Datasea Inc. (NASDAQ: DTSS) announced a sales agreement between its subsidiary, Shuhai Jingwei, and Shanghai Chengming Shengyuan for a minimum of 100,000 Hailijia air purifiers, valued at over RMB 150 million (about USD 20.5 million) from November 2022 to November 2023. The air purifiers leverage innovative acoustic intelligence for disinfection, addressing heightened demand post-pandemic. CEO Zhixin Liu highlighted the agreement as a key step in realizing the commercial potential of their air purifier technology, which aims to expand brand reach and generate revenue.
Datasea Inc. (NASDAQ: DTSS) announced a one-year sales agreement between its subsidiary, Shuhai Jingwei, and Shenzhen Yusheng Technology Co., Ltd. to supply Ultrasonic Sound Air Disinfection Equipment. This equipment boasts a disinfection efficacy of 99.83% against Covid-19 in nine seconds. Yusheng commits to purchasing at least 10,000 units, valued at a minimum of RMB 35 million (approximately USD 5 million), with the first batch of 1,000 units expected to be delivered by November 15, 2022. The product aims to set new benchmarks in disinfection technology.
Datasea Inc. (NASDAQ: DTSS) reported remarkable fiscal results for the year ended June 30, 2022, with revenue surging to $17.08 million, marking a 9,653% increase year-over-year. This growth was primarily driven by the adoption of its 5G messaging solutions. Gross profit rose to $955,673, up 917% from the previous year due to robust service delivery. The company has signed $41.72 million in 5G messaging contracts, while also expanding its acoustic intelligence and smart city offerings. Notably, Datasea is engaging in regulatory discussions and enhancing its marketing strategies to solidify its market position.