Core Insights - Datasea Inc. has signed new agreements to expand its acoustic high-tech product placement in 463 stores, projecting sales of 260,000 units and revenue of $19 million by the end of 2025 [1][2][4] Group 1: New Agreements and Market Expansion - The company has entered into 12 additional agreements with health management companies in Tianjin, expanding its reach to 200 beauty stores [1][6] - The new agreements are expected to drive sales of 120,000 additional units and generate approximately $8.2 million in revenue by year-end 2025 [1][6] - Datasea's acoustic high-tech products include sterilizers, sleep products, and 5G+AI Digital Service Systems tailored for the beauty industry [2][6] Group 2: Sales Projections and Revenue Goals - With the new agreements, Datasea aims for a total projected sale of 140,000 units and revenue of $11 million from the previously signed 263 stores by the end of 2025 [3][4] - The company anticipates achieving a full-year revenue forecast of $90 million for the fiscal year ending June 30, 2025 [4] Group 3: Product and Technology Focus - Datasea's products are designed to improve service quality and enhance customer experience in partnered stores [6] - The company continues to deploy its 5G+AI Digital System, which offers personalized customer services and data-driven marketing [6][7] - Datasea is committed to expanding its footprint across Northern China, with plans to increase partnered stores to 10,000 in the coming years [7]

Core Summary - The company, Datasea Inc, has signed cooperation agreements with 14 beauty industry service and management companies, targeting the sale of approximately 140,000 acoustic high-tech products by the end of 2025, which is expected to generate $11 million in revenue [1][2][3] - The agreements involve placing acoustic high-tech products in 263 beauty salons and body care stores in northern China, including Tianjin and Hebei Province, strengthening the company's market presence in the region [1] - The company plans to expand its customer base to up to 10,000 beauty and body care stores over the next 2-5 years, covering provinces in Tianjin, Hebei, Beijing, and Inner Mongolia [3][11] Product and Technology - The acoustic products included in the agreements are acoustic air sterilizers, sleep products, and the company's 5G AI Digital Service System specifically developed for beauty industry stores [2] - The 5G AI Digital System provides independent technical services to partnered stores, helping them offer better services to their customers [2] - The system integrates 5G and AI technologies to reshape service workflows, enabling precise customer need identification, personalized service recommendations, and efficient marketing through big data analytics [6] Strategic Expansion - The company aims to drive the digital transformation of the beauty and body care industry in northern China through its advanced acoustic high-tech products and 5G AI Digital Beauty System [7] - Datasea plans to continue expanding its sales channels and leveraging its technological expertise and marketing know-how to create sustainable value for merchants and consumers [7] - The company expects to increase its online and offline sales of acoustic high-tech products as the number of partner stores grows [11] Company Background - Datasea Inc is a Nevada-based digital technology company specializing in acoustic high-tech and 5G AI multimodal digital innovation, with a focus on ultrasonic, infrasound, and directional sound technology [8] - The company's 5G multimodal digital segment operates on a cloud platform based on AI, and it has established a wholly-owned subsidiary, Datasea Acoustics LLC, in Delaware to mark its global presence [8]

Core Viewpoint - Datasea Inc. has successfully entered into a strategic sales agreement with Qingrong Digital Chain Technology Co., Ltd., which is expected to generate approximately $20.8 million annually over the next five years through the sale of its acoustic high-tech products [1][2]. Group 1: Event Overview - The product promotion event titled "5G AI: Unlocking the Future with Sound" was held in Tianjin, showcasing Datasea's advancements in acoustic technology and its 5G-AI multimodal platform, attended by over 200 industry leaders and representatives [3][4]. - The event highlighted the introduction of upgraded acoustic air sterilizers and sleep aid products, focusing on the beauty industry in China [4]. Group 2: Strategic Partnerships - The agreement with Qingrong involves the sale of up to 300,000 units of Datasea's acoustic products annually, including air disinfection machines and sleep aids, through Qingrong's extensive network of home decoration stores across China [5]. - Collaboration with the Tianjin Women Entrepreneurs Association aims to promote women-led business ventures and support sales efforts in Tianjin and the greater North China region [4]. Group 3: Company Profile - Datasea Inc. specializes in innovative acoustic high-tech and 5G AI multimodal digital technologies, focusing on ultrasonic, infrasound, and directional sound technology [6][7]. - The company has established a wholly-owned subsidiary, Datasea Acoustics LLC, in Delaware to enhance its global presence and offer advanced acoustic solutions to the US market [7].

BEIJING, Nov. 19, 2024 /PRNewswire/ -- Datasea Inc. (Nasdaq: DTSS) ("Datasea" or the "Company"), a Nevada-registered digital technology company focused on innovations in acoustic high-tech and 5G AI multimodal digital technologies, today pre-announced that its revenue for the fiscal year ending June 30, 2025, is expected to be approximately $90.0 million. This represents an increase of $66.0 million, or 275.0%, compared to full-year revenue of $24.0 million in fiscal year 2024.As of October 31, 2024, Datase ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-38767 DATASEA INC. (Exact name of registrant as specified in its charter) | --- | --- | |--------------------------------------------------|-----------------------| | Nevad ...

Datasea's Top-Line Performance Driven by its Further Penetration of China's 5G AI Applications SegmentBEIJING, Nov. 13, 2024 /PRNewswire/ -- Datasea Inc. (NASDAQ: DTSS) ("Datasea" or the "Company"), a Nevada-based technology firm, today released its financial results for its first fiscal quarter ended September 30, 2024, reporting robust revenue of $21.1 million, representing 206% growth year-over-year. The increase in revenue was primarily due to the continued success of the Company's leading edge 5G AI mu ...

Core Viewpoint - Datasea Inc. has successfully closed a Regulation S offering, raising approximately $4.0 million through the sale of 1,932,224 shares at $2.06 per share, with significant participation from major shareholders, including the CEO, indicating strong confidence in the company's future [1][2]. Group 1: Offering Details - The Regulation S offering was closed on October 15, 2024, with the shares sold at a price equal to the closing price on September 26, 2024 [1]. - The investors are required to hold the shares for a minimum of 180 days [1]. Group 2: Use of Proceeds - The funds raised will be allocated to support business operations, including upgrades in acoustic high-tech product design, working capital for mass production and online sales, acquiring intellectual property, and promoting 5G AI multimodal digital business products [2]. Group 3: Company Overview - Datasea Inc. specializes in acoustic high-tech and 5G-AI multimodal digitalization, leveraging advanced R&D technology as the backbone for its products [3]. - The company has established a wholly-owned subsidiary, Datasea Acoustics LLC, in Delaware to facilitate its entry into the U.S. market as part of its global expansion strategy [3].

BEIJING, Oct. 10, 2024 /PRNewswire/ -- Datasea Inc. (Nasdaq: DTSS) ("Datasea" or the "Company"), a Nevada-registered digital technology company focused on innovations in acoustics high-tech and 5G AI multimodal digital technologies, today pre-announced that its revenue for the first quarter of fiscal year 2025, ending September 30, 2024, is expected to be approximately $22.7 million. This represents an increase of approximately $15.8 million, or 230%, compared to $6.88 million in revenue for the first quart ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to ____________________ Commission file number 001-38767 DATASEA INC. (Exact name of registrant as specified in its charter) Nevada 45-2019013 (State or other jurisdic ...

The Total Value of 5G-AI Contracts Currently in Process Exceeds $100 MM BEIJING, Sept. 26, 2024 /PRNewswire/ -- Datasea Inc. (NASDAQ: DTSS) ("Datasea" or the "Company"), a Nevada-based digital technology company focused on innovative high-tech intelligent acoustics and 5G AI multimodal digital technology, today announced the Company's financial results for its fiscal year ended June 30, 2024, and provided an update on its strategic initiatives.Fiscal Year 2024 Financial HighlightsRevenue. For the fiscal yea ...