Datasea Intelligent Technology Ltd. filings document the company's public-company structure, redomicile history and Nasdaq-listed Class A ordinary shares under DTSS. Recent reports cover the completed transition from Datasea Inc., a Nevada corporation, to a British Virgin Islands business company, including shareholder approval, share-conversion mechanics and the continuation of the company's business, management and assets.
The filing record also includes current reports, foreign-issuer reports and proxy materials addressing governance votes, material corporate events, capital-structure details and Nasdaq listing-compliance matters. These disclosures frame Datasea's operating focus on acoustic high-tech innovation and AI-powered multimodal digitalization within its formal reporting and corporate-status records.
Datasea Intelligent Technology Ltd. reported fiscal 2026 revenue of $40,698,799, down from $71,616,820 in fiscal 2025. Gross profit rose to $4,156,806 from $2,443,948, while net loss narrowed to $2,186,440 from $5,085,694.
The company conducts substantial China operations through a variable interest entity (VIE) under contractual arrangements rather than direct equity ownership. It reported $431,246 in cash and a working-capital deficit of approximately $4.20 million as of June 30, 2026; management said additional external financing may be necessary during 2027 as bank facilities come up for renewal.
Post-year-end pre-sale arrangements cover acoustic and NeuroVibe products and AI-agent services; recognized revenue depends on usage, manufacturing and delivery, customer acceptance and revenue-recognition criteria. Management expects fiscal 2027 amortization expense of approximately $3.01 million. The company also describes uncertainty over PRC authorities' interpretation of VIE arrangements.
Datasea Intelligent Technology Ltd. received an additional 180-day compliance period from Nasdaq on September 24, 2026, ending March 22, 2027, to regain compliance with the minimum bid price requirement. The closing bid price of its Class A ordinary shares must meet or exceed $1.00 per share for at least 10 consecutive business days before the deadline. The extension was granted based on the company meeting other continued listing requirements and notifying Nasdaq that it intended to cure the deficiency through a reverse stock split, if necessary. If Datasea does not regain compliance by March 22, 2027, Nasdaq will notify the company that its securities are subject to delisting; Datasea may appeal that determination to a Nasdaq Hearings Panel.
Datasea Intelligent Technology Ltd. (DTSS) reports unaudited results for the year ended June 30, 2026 after redomiciling to the British Virgin Islands and continuing to operate mainly through PRC variable interest entities. Revenue was $40.7 million, down sharply from $71.6 million in 2025, primarily from its 5G AI multimodal communication and acoustic intelligence businesses. Despite the revenue decline, gross profit rose to $4.2 million from $2.4 million, and the operating loss narrowed to $2.25 million from $5.15 million. Net loss attributable to the company improved to $2.13 million, or $(0.22) per share, versus $(5.09) million or $(0.77) per share.
Operating cash flow turned positive at $2.03 million versus a $2.37 million outflow a year earlier, while cash ended nearly flat at $607,922. Total assets more than doubled to $14.8 million, driven by substantial patent and software acquisitions that lifted intangible assets to $11.3 million, funded partly by equity issuances and higher bank borrowings, with loan payables rising to $5.58 million. Accumulated deficit increased to $46.66 million. Management states that recurring losses and the deficit raise substantial doubt about the company’s ability to continue as a going concern, and future viability depends on executing its plan and raising additional capital.
Datasea Intelligent Technology Ltd., a British Virgin Islands holding company that operates in China mainly through variable interest entities, has filed a Form F-3 shelf registration to offer up to $150,000,000 of Class A ordinary shares, debt securities, warrants, units and rights. The company’s Class A Ordinary Shares trade on Nasdaq under “DTSS.” As of August 11, 2026, it reports 10,424,881 Class A Ordinary Shares outstanding at a closing price of $0.74, with non‑affiliate holdings of about $5.71 million in market value. Under Form F‑3 Instruction I.B.5, it states it will not sell more than one‑third of the non‑affiliate float in any 12‑month period and has not used this capacity in the prior year.
The filing emphasizes that investors are buying shares in the offshore holding company, not direct equity in the PRC operating entities, which are controlled via VIE contracts whose enforceability under PRC law is uncertain. It highlights legal and operational risks tied to PRC regulation, data and cybersecurity rules, CSRC overseas listing filings, and the Holding Foreign Companies Accountable Act, any of which could materially affect operations or the value of the securities. The company also discloses that no dividends have been paid, PRC foreign exchange and reserve rules constrain upstreaming of cash, and management currently intends to reinvest earnings in China rather than distribute cash to shareholders.
Datasea Intelligent Technology Ltd., through its wholly owned subsidiary Shuhai Tianjin, completed the acquisition of a patent from Tianjin Qianli Culture Media Co., Ltd. The aggregate purchase price was RMB 7.0 million, and the transaction closed on June 23, 2026 after all closing conditions were satisfied.
As consideration, Datasea issued 1,122,156 restricted Class A ordinary shares at US$0.9156 per share to two individuals designated by the seller. The shares were issued under Regulation S and are “restricted securities” under Rule 144. The acquired patent may complement the company’s Business Execution AI Agent, particularly in multimodal data processing, image recognition and visual analysis, but remains subject to further integration, testing, market validation and commercialization. The first-generation AI agent has entered commercial application and has begun providing services to enterprise customers in the health and wellness retail sector.
Datasea Intelligent Technology Ltd., through its wholly owned subsidiary Tianjin Information Sea Information Technology Co., Ltd., agreed to acquire a cloud detection patent and related know-how for RMB 7.0 million (approximately US$1.03 million). The seller will be paid via newly issued Datasea Class A ordinary shares allocated to two individuals designated by the seller.
The number of shares will be based on converting the RMB purchase price into U.S. dollars using an agreed exchange rate and dividing by a per-share price generally set at the prior trading day’s Nasdaq closing price, subject to Nasdaq minimum price rules. Issuance is capped so the total consideration shares remain below 20% of Datasea’s pre-issuance ordinary shares and each recipient’s beneficial ownership stays under 9.99% after the transaction.
The shares will be issued as unregistered Restricted Securities in reliance on Regulation S under the U.S. Securities Act of 1933 and will carry transfer limitations. Closing depends on satisfying conditions in the patent asset purchase agreement, including completion or acceptance of patent transfer registration and Datasea board approval of the share issuance.
Zhixin Liu filed an amended Schedule 13D reporting her beneficial ownership in Datasea Intelligent Technology Ltd. following a merger with Datasea Inc. Effective April 15, 2026, her 2,000,000 Datasea common shares were converted into 2,000,000 Class B Ordinary Shares, and her remaining Datasea common shares became Class A Ordinary Shares.
She holds voting power over 101,283,274 votes, representing 1,283,274 Class A Ordinary Shares and 2,000,000 Class B Ordinary Shares. This equals 49.06% of the outstanding share classes, based on 6,447,153 Class A and 4,000,000 Class B shares outstanding as of June 1, 2026.
Datasea Intelligent Technology Ltd. shareholder Fu Liu reports beneficial ownership giving 100,952,695 votes, representing 48.90% of the company’s equity voting power as of June 1, 2026. This comes after a merger in which Datasea Inc. combined with the company, and Fu Liu’s Datasea common stock was converted into 2,000,000 Class B Ordinary Shares and additional Class A Ordinary Shares.
Class A Ordinary Shares carry one vote each, while Class B Ordinary Shares carry fifty votes and are convertible into Class A on a one-for-one basis. Based on 6,447,153 Class A shares and 4,000,000 Class B shares outstanding, Fu Liu holds 952,695 Class A shares and 2,000,000 Class B shares, giving him sole voting and dispositive power over this stake.
Datasea Intelligent Technology Ltd. director and 10% owner Fu Liu reported several stock awards and a share conversion. Over late 2025 and early 2026, he was granted Common Stock as compensation in lieu of cash, to pay accrued salary, and as consideration for transferring software copyrights.
Effective on April 16, 2026, Datasea merged into Datasea Intelligent Technology Ltd. In that merger, 2,000,000 shares of Datasea Common Stock held by Fu Liu were converted into 2,000,000 Class B ordinary shares, while his remaining Common Stock converted into an equal number of Class A ordinary shares, leaving him with 952,695 Class A shares.