BEIJING, July 27,
2023 /PRNewswire/ -- Datasea Inc., (NASDAQ: DTSS)
("Datasea" or the "Company"), incorporated in Nevada in September
2014, is a digital technology corporation engaged in three
converging and innovative business segments: 5G messaging, acoustic
intelligence, and smart city technology in China. Today, the Company announced that,
Shuhai Information Technology Co., Ltd. ("Shuhai Beijing"), the
Chinese operating company contractually controlled by the Company,
along with its subsidiaries, have entered into cooperation
agreements with three new clients, Qingdao Hongxin Times Network
Technology Co. LTD ("Qingdao Hongxin"), Guangzhou Woshuai Auto
Accessories Co., LTD ("Guangzhou Woshuai") and Xiamen Tongjing
Intelligent Technology Co. LTD ("Xiamen Tongjing"), to enhance 5G
messaging top-up services for a wider range of clients in more
industries for the Chinese market.
Under those agreements, Qingdao Hongxin, Guangzhou Woshuai and
Xiamen Tongjing can purchase 5G message charge virtual recharge
cards of various denominations from ¥10 to ¥500 RMB (from
$1.38 to $69.4) within 12 months after the signing of the
contract. Since the date of those agreements until the date of this
announcement, Shuhai Beijing and its subsidiaries have provided 5G
messaging top-up services worth approximately USD 0.73 million (RMB
5,259,393).
Qingdao Hongxin, Guangzhou Woshuai and Xiamen Tongjing serve
different end customers in the fields of Internet, automotive
supplies services and intelligent hardware, and their users are
spread across multiple regions in China. In addition, Shuhai Beijing and its
subsidiaries also provide those clients 5G messaging top-up plans,
data interfaces, and a 5G messaging top-up payment platform for
top-up services and related management.
"The continuous increase in the number of signed clients of our
5G top-up business shows that the demand for 5G messaging services
in the Chinese market continues to increase", said Datasea's CEO,
Zhixin Liu. "It also proves that
Datasea's ability to provide top-tier services to businesses at
scale is a testament to its commitment to delivering efficient and
customized recharge services to its clients."
About Datasea Inc.
Datasea Inc., through its variable interest entity, Shuhai
Information Technology Co., Ltd., a digital technology company in
China, engages in three converging
and innovative industries: smart city, acoustic intelligence and 5G
messaging. Datasea leverages facial recognition technology and
other visual intelligence algorithms, combined with cutting-edge
acoustic and non-visual intelligence algorithms, to provide smart
city solutions that meet the security needs of residential
communities, schools and commercial enterprises. Most recently, in
response to the growing utilization of 5G technologies and the
overall initiative to utilize Datasea's technology capabilities to
expand business coverage and revenue resources, Datasea has also
strategically expanded business coverage to 5G messaging and smart
payment solutions. Datasea has been certified as one of the
High-Tech Enterprises (jointly issued by the Beijing Science and
Technology Commission, Beijing Finance Bureau, Beijing State
Taxation Bureau and Beijing Local Taxation Bureau) and one of
the Zhongguancun High Tech Enterprises (issued by the
Zhongguancun Science Park Administrative Committee) in recognition
of the Company's achievement in high technology products. For
additional information, please visit: www.dataseainc.com. Datasea
routinely posts important information on its website. Twitter
@Dataseainc, https://twitter.com/Dataseainc;
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 21E of the Securities Exchange Act of 1934
and as defined in the U.S. Private Securities Litigation Reform Act
of 1995. These forward-looking statements can be identified by
terminology such as "will", "expects", "anticipates", "future",
"intends", "plans", "believes", "estimates", "target", "going
forward", "outlook," "objective" and similar terms. Such statements
are based upon management's current expectations and current market
and operating conditions, and relate to events that involve known
or unknown risks, uncertainties and other factors, all of which are
difficult to predict and which are beyond Datasea's control, which
may cause Datasea's actual results, performance or
achievements (including the RMB/USD value of its anticipated
benefit to Datasea as described herein) to differ materially and in
an adverse manner from anticipated results contained or implied in
the forward-looking statements. Further information regarding these
and other risks, uncertainties or factors is included in Datasea's
filings with the U.S. Securities and Exchange Commission, which are
available at www.sec.gov. Datasea does not undertake any obligation
to update any forward-looking statement as a result of new
information, future events or otherwise, except as required under
law.
Investor and Media Contact:
Datasea Inc. Investor relations
Henry Sun
Telephone: +86 13121739639
Email: investorrelations@shuhaixinxi.com
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SOURCE Datasea Inc.