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Tag: NASDAQ:DTSS

  • Datasea (DTSS) Sees Positive Financial Growth Through Strategic Partnerships

    Datasea (DTSS) Sees Positive Financial Growth Through Strategic Partnerships

    Datasea Inc. (NASDAQ: DTSS) experienced a significant rise on the US charts, with shares price increased 30.67% to conclude the trading at $2.94 on Tuesday. This surge comes on the back of DTSS’ recent strategic collaborations, further solidifying its position in the 5G-AI digital services industry.

    Datasea Entered New Agreements to Expand 5G-AI Services

    On August 12, 2024, Datasea’s subsidiaries, Shuhai Information Technology Co., Ltd. and Guozhong Times (Beijing) Technology Co., Ltd., entered into agreements with Qingdao Ruizhi Yixing Information Technology Co., Ltd.

    The focus of these agreements is to supply advanced 5G-AI multimodal digital services, aligning with Datasea’s commitment to providing innovative technological solutions. These services aim to enhance the business operations of Qingdao Ruizhi Yixing and are tailored to meet their specific customer needs.

    Financial Impact and Service Expansion

    By September 12, 2024, Datasea had already provided services valued at approximately RMB 65.4 million (around $9.0 million) to Qingdao Ruizhi Yixing. This reflects the increasing demand for Datasea’s 5G-AI services.

    Under the terms of the agreements, Shuhai Information and Guozhong Times will continue to provide a broad range of services, including advanced marketing tools designed to improve customer engagement and business efficiency.

    Qingdao Ruizhi Yixing, a key player in mobile internet promotion services across China, is set to benefit from these enhanced solutions, underscoring the relevance and demand for 5G-AI applications in the Chinese market.

    DTSS Eyeing Future Growth and Market Leadership

    Over the course of a year, beginning on August 9, 2024, Datasea’s companies are anticipated to provide services worth an estimated $30 million. The business expects these agreements to have a major impact on its fiscal year 2025 financial performance.

    As Datasea strengthens its foothold in China’s 5G application landscape, the company plans to continue aggressive marketing efforts, potentially securing additional contracts and expanding its market share in the near future.

  • Understanding The Factors Behind Datasea (DTSS) Stock’s Current Uptick

    Understanding The Factors Behind Datasea (DTSS) Stock’s Current Uptick

    The current trading session is witnessing a remarkable uptick of 16.18% in the shares of Datasea Inc. (NASDAQ: DTSS), soaring to $7.93 per share. This surge is attributed to the recent announcement of strategic business development endeavors, which has acted as a significant catalyst for the notable rise in DTSS shares on the US stock charts.

    Today, Datasea (DTSS) disclosed that its wholly-owned subsidiary, Heilongjiang Xunrui Technology Co., Ltd., has entered into a 5G AI Multimodal Communication Cooperation Agreement on March 26, 2024. The agreement was signed with Xiamen Star Miracle Information Technology Co., Ltd., a prominent provider of marketing and application services.

    The agreement outlines provisions for the purchase of 5G multimodal communication delivery services from Xunrui Technology over a period of 12 months, commencing from March 15, 2024. The estimated total value of the services under this agreement amounts to $30 million.

    This collaborative endeavor is anticipated to stimulate an influx of new customer orders, thereby solidifying Datasea’s position as a frontrunner in the AI-5G multimodal communication services sector. Aligned with DTSS’ overarching mission to emerge as a premier provider of digital technology solutions, this agreement underscores the company’s commitment to expanding its market presence within China’s 5G multimodal communication services sector.

    Datasea stands poised to capitalize on similar opportunities as it continues to forge new agreements with key stakeholders in this domain, thereby augmenting its revenue streams. Star Miracle, renowned for its provision of high-quality marketing and application services, caters to a diverse clientele comprising numerous Chinese enterprises, e-commerce platforms, and individuals, offering prepaid fuel service plans, mobile phone packages, and prepaid recharge plans.

    The agreement between Datasea’s subsidiary and Star Miracle underscores the esteemed value attributed to Datasea’s 5G multimodal communication platform, renowned for its AI-enhanced features and comprehensive suite of services. Datasea remains bullish on the sustained demand for 5G multimodal communication services within China.

    Notably, the company has reported a staggering year-over-year revenue increase of 1,037.5%, amounting to $18.2 million from 5G multimodal communication-related services during the first half of its fiscal year 2024. This exponential growth is indicative of Datasea’s adeptness in delivering efficient and premium-grade services to its clientele.

    The recently forged agreement bolsters Datasea’s earlier projection of achieving approximately $86 million in revenue for the full fiscal year ending June 30, 2024, reflecting a remarkable year-over-year increase of approximately 1,128%.

  • Datasea (DTSS) Stock Rockets As Revenue Projections Surge

    Datasea (DTSS) Stock Rockets As Revenue Projections Surge

    The share price of Datasea Inc. (NASDAQ: DTSS) has increased significantly during the current session, jumping by 88.45% to $10.61 as of the last check. The expectation of substantial revenue increase this year is driving this spike. For the fiscal year that ends on June 30, 2024, the firm has forecast revenues of around $86.0 million, which represents a stunning 1,128% growth over the $7.0 million in revenue from the previous fiscal year.

    Datasea credits good performance in both of its business sectors for this anticipated rise in revenue. With its Acoustics Intelligence solutions, the firm is seeing encouraging results in domestic sales and market penetration. It has also extended its distribution networks, especially in the US market. Datasea’s dedication to technical innovation and its capacity to provide innovative solutions that satisfy changing market demands are demonstrated by these developments.

    Leading the way in the development of ultrasonic technology, non-visual intelligent algorithms, and precision manufacturing across a range of industries, including IoT, medical aesthetics, agriculture, and healthcare, Datasea is a global pioneer in acoustic intelligence. The company’s innovative approach involves reverse engineering sound characteristics to develop solutions that leverage ultrasound, infrasound, directional sound, and Schumann resonance technology.

    In response to the ongoing pandemic, Datasea has leveraged its expertise in sound disinfection and healthcare to develop cutting-edge acoustic sterilization solutions. These solutions utilize ultrasound technology to disrupt the outer shell and internal RNA of microorganisms, including the coronavirus, effectively neutralizing harmful pathogens.

    Moreover, Datasea’s 5G-AI multimodal communication technology integrates 5G with artificial intelligence, core algorithms, and natural language processing. This technology offers a range of features including AI digital marketing, short video matrix functions, and smart AI agricultural e-commerce platforms.

    With a user base exceeding 48 million in China, Datasea is poised to provide digital and intelligent services to enterprises and individuals, leveraging its AI, machine learning, and data analytics capabilities. Datasea’s impressive performance on the US market reflects its strong revenue growth projections and commitment to technological innovation.

    With a focus on Acoustics Intelligence, sound disinfection solutions, and 5G-AI multimodal communication technology, Datasea is well-positioned to meet the evolving needs of customers and communities worldwide.

  • Why Is Datasea (DTSS) Stock Climbing Before the Market Opens?

    Why Is Datasea (DTSS) Stock Climbing Before the Market Opens?

    In pre-market trading hours on Wednesday, shares of the technology company engaged in providing smart security solutions, smart hardware and education-related technologies in China, Datasea Inc. (DTSS) rose 1.82% to $2.79. Last session, Datasea stock fell -37.87% and closed at $2.74. The price range of DTSS stock was $2.69 to $3.799.

    A daily average of 2.08 million shares over the past 100 days was surpassed by 5.12 million shares traded in DTSS. In the last five days, DTSS shares have shed -6.48%, while in the last month they have risen 10.93%.  Following an announcement of a registered direct offering, the DTSS stock is recovering after losing value in the last session.

    DTSS signed an agreement with whom?

    A technology company in China, Datasea offers smart hardware and security solutions. DTSS also develops education-related technologies. To meet the needs of its clients, DTSS uses its proprietary technologies, innovative products, market intelligence, and intellectual property, to deliver comprehensive and optimized security and education solutions.

    The Beijing Science and Technology Commission, Beijing State Taxation Bureau, Beijing Finance Bureau, and Beijing Local Taxation Bureau have jointly certified the DTSS as one of the High Tech Enterprises. DTSS has also been certified as Zhongguancun High Tech Enterprises by the Zhongguancun Science Park Administrative Committee, recognizing the company’s achievement in high technology products.

    In an announcement yesterday, Datasea disclosed that it has signed definitive agreements with certain institution investors for the offering of registered direct securities.

    • The agreement was signed by DTSS for gross proceeds of $8,480,425.92, before commissions and expenses.
    • Assuming all customary closing conditions are met, DTSS anticipates the offering will close on or about July 22, 2021.
    • A registered offering will be conducted by DTSS in which 2,436,904 shares of common stock will be offered at a purchase price of $3.48 per share.
    • DTSS will also offer investors 0.45 unregistered warrants per share of common stock purchased in a private placement.
    • Exercise of the warrants will begin on the date of issuance, expire two and one-half years after issuance, and have an exercise price of $4.48 per DTSS share.
    • In addition to repaying debt, DTSS plans to use the net proceeds for general corporate purposes and working capital.
    • DTSS’ offerings were placed exclusively through FT Global Capital, Inc as its agent.

    Other recent development:

    Datasea announced last week that it had signed six distribution and purchase agreements through its wholly-owned subsidiary Shuhai Zhangxun Information Technology Co., Ltd. Through these agreements, 5G Message-Marketing Cloud Platform (“5G MMCP”) Version 3.0 will be provided, and by adding new district partners, product accessibility in China will be boosted nationwide.

    The six companies that have expressed an interest in 5G Messaging will pay DTSS-subsidiary a combined RMB 886,000 (roughly USD 136,940) for providing their products and services. Datasea (DTSS) subsidiary, Shuhai Zhangxun has already been given RMB 490,400 (about USD 75,776).

  • How Has The DTSS Stock Declined 7% In The Extended Trades?

    Shares of technology company engaged in providing smart security solutions, smart hardware, and education-related technologies in China, Datasea Inc. (DTSS) were down -7.17% in after-hours trading at $2.20. Datasea stock closed the regular session at $2.37, falling -5.20% or $0.13. DTSS stock traded across a range of $2.33 to $2.4987. DTSS shares exchanged hands for 32.68K, a lower number than the company’s 50-day volume of 0.16 million and lower than its Year to date volume of 0.9 million.

    DTSS stock price has fallen 15.05% over the past year, -3.27 percent over the last week. DTSS stock has gained 12.86% in the last six months and has decreased by -30.29% in the last three months. Since the beginning of the year, the DTSS share price has returned 18.50%. After announcing collaboration around 5G messages standard, DTSS stock gained nearly 5% in two days, but yesterday, investors seem to have taken profit.

    What did DTSS’ 5G collaboration entail?

    Datasea, a Chinese technology company, provides smart hardware and smart security solutions, as well as education-related technology development. Furthermore, DTSS also offers education-related technologies as part of its comprehensive and optimized security solutions. Through the leveraging of proprietary technologies, intellectual property, innovative products, and market intelligence, DTSS provides comprehensive and optimized solutions for clients. Beijing’s finance, tax, as well as science and technology authorities have jointly certified DTSS as a High Tech Enterprise. Additionally, DTSS is a Zhongguancun High Technology Enterprise recognized for its high technology products.

    According to Datasea, it has entered into a cooperation agreement with National Engineering Laboratory for Logistics Information Technology through its wholly-owned subsidiary Shuhai Zhangxun Information Technology Co., Ltd.

    • As part of the joint promotion of 5G Messaging standards in the express industry in China, DTSS’ subsidiary has joined National Engineering Laboratory.
    • YTO Express is one of the leading express companies in China.
    • YTO Express is the official sponsor of the National Engineering Laboratory, which is approved by China’s National Development and Reform Commission.
    • By partnering with DTSS, the express industry will be able to access its 5G Message-marketing Cloud Platform (5G MMCP).
    • A collaboration between DTSS and National Engineering Laboratory is also underway to develop standards for transferring and exchanging logistics information, as well as promote the use of 5G messaging services.
    • In this partnership, National Engineering Laboratory and DTSS demonstrate their abilities to work together to develop international standards for 5G messaging in the express industry.

    What will this collaboration mean for DTSS in the future?

    The collaboration represents a landmark for Datasea (DTSS) since it acknowledges the company’s technological expertise and influence within the industry. DTSS will be able to respond to the needs of express delivery companies through the formulation of 5G messaging standards, which will not only improve operational efficiency and reduce costs of marketing and communication internally but also increase end customers’ satisfaction with logistics services and products.