Agreements Boost Fiscal 2025 Revenue and Expand Datasea’s 5G Application Market Positioning in China

BEIJING, Sept. 17, 2024 /PRNewswire/ —

Datasea Inc. (NASDAQ: DTSS) (“Datasea” or the “Company”), a Nevada-based company focused on innovative high-tech acoustics and 5G-Artificial Intelligence (“AI”) multimodal digital technology in the United States and China, today announced that, on August 12, 2024, its Chinese subsidiaries, Shuhai Information Technology Co., Ltd. (SIT) signed strategic cooperation agreements with several leading telecommunication companies in China. These agreements are expected to significantly boost Datasea’s fiscal 2025 revenue and expand its market positioning in the 5G application sector in China.

The agreements include:

– A partnership with China Mobile Communications Corporation to develop cutting-edge 5G-AI solutions for smart cities and industrial applications.

– Collaboration with China Telecom Corporation Limited to enhance the efficiency and reliability of 5G network infrastructure.

– Joint projects with China Unicom (Hong Kong) Limited to explore new opportunities in the field of 5G-enabled Internet of Things (IoT) devices.

These agreements mark a significant milestone for Datasea’s expansion efforts in the Chinese market, solidifying its position as a key player in the 5G application sector. With the rapid development of 5G technology and the increasing demand for AI-powered solutions, Datasea is well-positioned to capitalize on the growing market opportunities in China.

How will this affect me?

As a consumer, you can expect to see more innovative 5G-AI solutions being introduced into the market, which could enhance your daily life in various ways. From improved network connectivity to smarter IoT devices, the benefits of these agreements could ultimately improve your overall user experience and efficiency.

How will this affect the world?

The impact of these agreements goes beyond just individual consumers. By expanding its market positioning in China and forging strategic partnerships with leading telecommunication companies, Datasea is contributing to the advancement of 5G technology on a global scale. This could potentially pave the way for more widespread adoption of 5G technology and accelerate the development of AI-powered solutions worldwide.

Conclusion

Overall, the agreements signed by Datasea’s Chinese subsidiaries represent a significant step forward for the Company, positioning it for substantial growth in the 5G application market. With a focus on innovation and collaboration, Datasea is poised to make a lasting impact on the future of technology in China and beyond.