Datasea Inc., a leading provider of high-tech intelligent acoustics and 5G-Artificial Intelligence (AI) multimodal communication technology, recently announced a significant Cooperation Agreement with Beijing Haoteng Chuangxiang Technology Co., Ltd. This Agreement is expected to have a powerful revenue impact and lead to more lucrative contracts for the company in the future.
According to Datasea’s CEO, Liu Zhixin, this Agreement signifies a step towards greater revenue and solidifies the company’s position as a top digital technology solution provider in China. The partnership aims to enhance Datasea’s 5G AI multimodal business by providing specialized 5G information services to end-users based on market demand.
In just the first ten days of the Agreement, Datasea’s Chinese operating entity, Shuhai Information, has already delivered approximately $2.8 million worth of 5G information services to Haoteng Chuangxiang. This early success highlights the potential revenue generation capabilities of the partnership, with an estimated $86.0 million forecasted for the 2024 fiscal year.
Haoteng Chuangxiang is a prominent marketing service provider in China, offering high-quality mobile internet promotion and advertising services to numerous enterprises and individuals. The demand for 5G value-added services in China is vast, and Datasea is well-equipped to meet this demand with its top-tier 5G multimodal services on a large scale.
Datasea’s advanced R&D technology forms the core infrastructure for its products, with a focus on innovative solutions for enterprise and retail customers in the acoustic high tech and 5G-AI multimodal communications sectors. The company’s strategic move to establish a presence in the U.S. market signals a broader global expansion plan.
Overall, the Cooperation Agreement between Datasea and Haoteng Chuangxiang is poised to drive substantial revenue growth and open doors to additional lucrative contracts in the future. This partnership highlights Datasea’s commitment to providing cutting-edge technology solutions and underscores its position as a key player in the digital technology space.
Investor and Media Contact:
Datasea Investor Relations
Email: investorrelations@shuhaixinxi.com
Precept Investor Relations LLC
David Rudnick
+1 646-694-8538
david@preceptir.com
