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Datasea Secures $100 Million in 5G+AI Contracts from Major Clients, Reinforcing Strategic Expansion and Long-Term Growth
Prnewswireยท 2025-05-19 12:30
Core Insights - Datasea Inc. has secured two new service contracts totaling up to $100 million for 5G-AI multimodal digital services, indicating strong client loyalty and growth momentum heading into FY2026 [2][3] Company Overview - Datasea Inc. specializes in acoustic high-tech products and 5G+AI multimodal digital solutions, with a focus on providing enterprise and retail customers with innovative services [5] - The company operates a cloud platform based on AI for its 5G multimodal digital segment, leveraging advanced R&D technology and precision manufacturing [5] Financial Performance - The contracts with Qingdao Ruizhi Yixing and Qingdao Dong'an are each valued at up to $50 million, reflecting confidence in Datasea's 5G-AI solutions [2][3] - Qingdao Ruizhi Yixing contributed over $38.3 million in revenue during the first nine months of fiscal year 2025, showcasing the high degree of customer retention [3] Strategic Expansion - The new agreements will support the delivery of enhanced 5G multimodal digital services, including AI-enabled interaction platforms and precision marketing systems, further solidifying Datasea's leadership in the 5G-AI value-added services market in China [3][4] - Datasea established a wholly-owned subsidiary, Datasea Acoustics LLC, in Delaware in July 2023 as part of its global expansion strategy [5]