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].

BEIJING, March 5, 2024 /PRNewswire/ -- Datasea Inc. (NASDAQ: DTSS) ("Datasea" or the "Company"), a Nevada corporation engaged in innovative business segments for Acoustics Intelligence and 5G-AI multimodal communication technology in China and the US, issued guidance today for expecting a revenue of approximately $86.0 million for the Company's full year ended June 30, 2024. This represents approximately a 1,128% increase from revenue of $7.0 million which was reported for fiscal year ended June 30, 2023. D ...

5G-focused communications specialist Datasea (NASDAQ:DTSS) just announced that one of its subsidiaries has entered into an agreement with Hangzhou Chongda Technology. The purpose of this deal is to increase sales of 5G multimodal communication services in China. Still, while DTSS stock enjoys the potential of a burgeoning 5G ecosystem, concerns run high regarding its viability.According to a press release, Guozhong Times — a subsidiary of an operating company controlled by Datasea — entered into a cooperati ...

Group 1 - Datasea reported a revenue of $11.3 million for the fiscal second quarter of 2024, a significant increase from $131,459 in the same period last year [1] - The revenue growth is attributed to the expansion of the company's 5G multimodal communication business in China, with several significant service agreements signed [1] - The diluted earnings per share improved to -72 cents from -80 cents in the fiscal second quarter of 2023 [1] Group 2 - Datasea's stock experienced a massive rally, with shares up 961.7% as of Wednesday morning [2] - Over 67 million shares of Datasea stock were traded on Wednesday, compared to the daily average trading volume of approximately 69,000 shares [2]

BEIJING, Feb. 13, 2024 /PRNewswire/ -- Datasea Inc. (NASDAQ: DTSS) ("Datasea" or the "Company"), a global technology company that develops and provides products utilizing intelligent acoustics including ultrasound, infrasound and directional sound, and provides 5G multimodal communication, upgraded 5G messaging services, today announced its financial results for the second quarter ended December 31, 2023. "We delivered strong performance in our second quarter of 2024 with revenue of approximately $11.3 mill ...

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 December 31, 2023 ☐ 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) | --- | --- | |----------------------------------------------------------------|------------------- ...

Group 1 - Datasea Inc. has regained compliance with NASDAQ's minimum bid price requirement, with its stock closing at $1.00 or greater for 10 consecutive business days from January 23 to February 5, 2024 [1] - The company is engaged in innovative business segments, particularly in Intelligent Acoustics and 5G messaging technology, focusing on ultrasonic, infrasound, and directional sound technology [2] - Datasea's 5G Messaging segment operates on a cloud platform based on AI, enhancing its technological capabilities [2] Group 2 - The company established a wholly-owned subsidiary, Datasea Acoustics LLC, in Delaware in July 2023, marking its strategic move to expand its global presence [2] - Datasea utilizes advanced R&D technology as the core infrastructure for its products, emphasizing its commitment to innovation in the acoustic solutions market [2] - The company is developing innovations in ultrasonic sterilization to combat viruses and prevent human infections, as well as in medical ultrasonic cosmetology [2]

Core Insights - Datasea Inc. expects its revenue for the first six months ending December 31, 2023, to be approximately $18.2 million, representing a significant increase of about $16.6 million and a growth rate of approximately 1,037.5% compared to $1.6 million in the same period of the previous fiscal year [1] - The revenue forecast for the first half of fiscal year 2024 is also approximately 160% higher than the total revenue of $7.0 million recorded for the full fiscal year ended June 30, 2023 [1] Business Segments - The 5G messaging business is experiencing growth due to contracts signed starting June 2023, with expectations for continued momentum in this segment [2] - The Acoustic Intelligence business is gaining traction in the market, contributing to healthier and safer living environments, supported by effective marketing and sales programs [2] Company Overview - Datasea Inc. is a provider of products and services in intelligent acoustics and 5G messaging, focusing on ultrasonic, infrasound, and directional sound technology [4] - The company operates a cloud platform for its 5G messaging segment, leveraging artificial intelligence and advanced research and development technology [4] - Datasea has established a wholly-owned subsidiary, Datasea Acoustics LLC, in Delaware to enhance its global presence and commitment to intelligent acoustics [4]