Datasea Inc Stock Price, News & Analysis

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.

Datasea Inc. (NASDAQ: DTSS) announced that its subsidiary, Shuhai Zhangxun, received authorization from ZTO Express to develop 5G Messaging applications. This collaboration enables Shuhai Zhangxun to implement 5G messaging services within China's vast logistics market. The company aims to create tailored messaging templates and chatbot capabilities for ZTO, potentially expanding services to include online shopping and live broadcasts. CEO Zhixin Liu emphasized the recognition of Datasea's technical strengths and the partnership's potential to enhance operational efficiency.

Datasea Inc. (NASDAQ:DTSS) has announced a strategic cooperation agreement with Hunan Changdian Information Technology Co., Ltd. to provide smart community services to 110 residential communities in Changsha City by December 5, 2021. This initiative aims to enhance community safety, focusing on pandemic prevention and control through smart security technologies including contactless body temperature measurement and face recognition. The partnership will enable market expansion and diverse revenue streams through system sales and online operations.

Datasea Inc. (NASDAQ:DTSS) announced a distribution partnership with Jiade Boya to provide its 5G Messaging-marketing Cloud Platform (5G MMCP) to 50,000 enterprise clients across Jiangsu, Zhejiang, and Shanghai by December 31, 2021. This initiative is expected to enhance the product's market reach in economically developed regions of China and leverage Jiade Boya's extensive customer network. CEO Zhixin Liu emphasized the significance of this partnership for Datasea’s product distribution strategy and anticipated revenue growth from market channel expansion.