The Three Agreements Support Continued Fiscal Year 2025 Revenue Growth for its Core AI-Based BusinessesBEIJING, July 1, 2024 /PRNewswire/ -- Datasea Inc. (NASDAQ: DTSS) ("Datasea" or the "Company"), a Nevada corporation engaged in innovative businesses in high-tech intelligent acoustics and 5G-Artificial Intelligence ("AI") multimodal communication technology in the United States and China, today announced three new sales agreements with its subsidiaries in China. If the parties to these agreements that tot ...

Agreement to Have Powerful Revenue Impact and is Expected to Lead to More Lucrative ContractsBEIJING, June 3, 2024 /PRNewswire/ -- Datasea Inc. (NASDAQ: DTSS) ("Datasea" or the "Company"), a Nevada company engaged in innovative business segments in high-tech intelligent acoustics and 5G-Artificial Intelligence ("AI") multimodal communication technology in the United States and China, today announced that on May 11, 2024, its Chinese operating entity, Shuhai Information Technology Co., Ltd. ("Shuhai Informat ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Nevada 45-2019013 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) Title of each class Trading Symbol Name of each exchange on which registered Common Stock, $0.001 par value DTSS NASDAQ Capital Market FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 1 ...

DTSS on Track to Achieve Record Revenue for Fiscal 2024 as it Further Penetrates China's $528 Billion 5G Market BEIJING, May 6, 2024 /PRNewswire/ -- Datasea Inc. (NASDAQ: DTSS) ("Datasea" or the "Company"), a digital technology company incorporated in Nevada and engaged in innovative business segments for acoustic high tech and 5G-AI multimodal communication technology in China, pre-announced estimated revenue of approximately $12.5 million for the month of April 2024. This revenue, which is mainly attribu ...

BEIJING, April 22, 2024 /PRNewswire/ -- Datasea Inc. (Nasdaq: DTSS) ("Datasea" or the "Company"), a trailblazing digital technology company incorporated in Nevada, dedicated to innovative solutions in acoustic high tech and 5G-Artificial Intelligence ("AI") multimodal communication technology in the United States and China, today announced that has announced its entry into a Framework Agreement with iPower Inc. (NASDAQ: IPW) for Product Cooperation, marking the commencement of a joint effort to bolster prod ...

Core Insights - Datasea Inc. has signed a Sales Agreement with Fubo Zhonglian Technology for the sale of up to $6.91 million (RMB 50 million) of its acoustic high tech products, indicating a strategic expansion in sales efforts [1][2] - The collaboration aims to promote Datasea's "Hailijia" and "Star Dream" product lines through various e-commerce platforms, leveraging advanced digital marketing techniques [2][4] - The "Hailijia" series includes products designed for sterilization and air purification, while the "Star Dream" series focuses on sleep aid through specific sound wave technology [3][5] Company Overview - Datasea Inc. specializes in innovative technologies in acoustics and 5G-AI multimodal communication, with a focus on ultrasonic and directional sound technology [6] - The company has established a subsidiary, Datasea Acoustics LLC, in Delaware to enhance its global presence and commitment to high-tech acoustic solutions [6] Marketing Strategy - Fubo Zhonglian Technology will utilize digital human sales, livestreaming, and short video sales to market Datasea's products, aiming to create a realistic marketing experience [4][5] - The partnership is expected to enhance the visibility and sales of Datasea's products in the competitive e-commerce landscape [2][4]

BEIJING, April 9, 2024 /PRNewswire/ -- Datasea Inc. (Nasdaq: DTSS) ("Datasea" or the "Company"), a digital technology company incorporated in Nevada, dedicated to innovative business in acoustic high tech and 5G-Artificial Intelligence multimodal communication technology in the United States and China, today announced that Ms. Zhixin Liu, Founder and Chief Executive Officer of Company, intends to purchase up to $3,000,000 of the Company's common stock from time to time from her personal funds over the next ...

BEIJING, April 4, 2024  /PRNewswire/ -- Datasea Inc. (Nasdaq: DTSS) ("Datasea" or the "Company"), a digital technology company incorporated in Nevada, dedicated to innovative business in acoustic high tech and 5G-Artificial Intelligence multimodal communication technology in the United States and China, today announced that the Company's wholly-owned subsidiary, Shuhai Jingwei (Shenzhen) Information Technology Co., Ltd. ("Shuhai Jingwei"), entered into a Sales Agreement (the "Agreement") with Shenzhen Xiaor ...

BEIJING, March 19, 2024 /PRNewswire/ -- Datasea Inc. (Nasdaq: DTSS) ("Datasea" or the "Company"), a digital technology company incorporated in Nevada, dedicated to innovative business in acoustic high tech and 5G-Artificial Intelligence multimodal communication technology in the United States and China, today announced that the Company's wholly-owned subsidiary, Shuhai Jingwei (Shenzhen) Information Technology Co., Ltd. ("Shuhai Jingwei") entered into a Manufacturing Cooperation Agreement (the "Agreement") ...

Core Viewpoint - Datasea Inc. is advancing its acoustic business by partnering with global manufacturers and upgrading key products, aiming for a significant revenue increase in fiscal year 2024, projected at approximately $86 million, which represents a year-over-year growth of about 1,128% [1][2]. Company Developments - The company is launching upgraded acoustic disinfection products and plans to deploy them rapidly in the market, which is expected to enhance financial performance [2]. - Datasea has established a wholly-owned subsidiary, Datasea Acoustics LLC, in Delaware to strengthen its presence in the U.S. market [6]. - The company has developed nine flagship products in the acoustic hi-tech series, including air disinfection machines and smart sleep aids, which are marketed through various channels including direct sales and e-commerce [3]. Market Expansion - Datasea is expanding into various sectors such as sound industry and sound agriculture, utilizing sound wave technology for applications like ultrasonic cleaning and water treatment, which can improve production efficiency and reduce energy consumption [4]. - The market for ultrasonic welding alone is projected to reach approximately $513 million (RMB 3.7 billion) by 2025, indicating significant growth potential in the sound industry [4]. Technological Innovation - The company employs advanced technology in acoustics, including ultrasonic sterilization, to combat viruses and prevent infections, showcasing its commitment to technological advancement [3][6]. - Datasea is focused on expanding the application areas for its acoustics business through ongoing research and development [5].