Datasea Inc

Datasea, Inc. is a technology company that provides smart security systems. It focuses on visual and non-visual fusion perception algorithms and big data analytics technologies, by providing customers with smart security solutions, smart hardware, education-related technologies applicable and 5G value-added services across multiple scenarios and industries. The company, through its variable interest entity, Shuhai Information Technology Co., Ltd. has managed to commercialize its products to schools, public communities, governmental authorities, retail outlets, healthcare and scenic areas all over China. Datasea was founded by Zhi Xin Liu, Fu Liu, and Xing Zhong Sun on September 26, 2014 and is headquartered in Beijing, China.

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Datasea, Inc. is a technology company, which engages in the provision of smart security systems. It focuses on visual and non-visual fusion perception algorithms and big data analytics technologies, by providing customers with smart security solutions, smart hardware, education-related technologies applicable and 5G value-added services across multiple scenarios and industries. The company was founded by Zhi Xin Liu, Fu Liu, and Xing Zhong Sun on September 26, 2014, and is headquartered in Beijing, China.

Datasea (NASDAQ: DTSS) is experiencing an unprecedented surge in its stock price on Wednesday following the release of its fiscal second-quarter 2024 earnings report. The technology and information company has delivered staggering results, driven by its substantial revenue growth and promising business prospects.

Datasea (NASDAQ: DTSS) surged 962%, here's why

Datasea (NASDAQ: DTSS ) stock is seeing an absolutely massive rally on Wednesday after the technology and information company released its earnings report for its fiscal second quarter of 2024. Leading this earnings report is the company's revenue of $11.3 million for the quarter.

Why Is Datasea (DTSS) Stock Up 962% Today?

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 million which brought our first half revenue of 2024 to $18.2 million.

Datasea Reports Second Quarter Fiscal Year 2024 Financial Results and Operations Update - Second Quarter Revenue is $11.3 Million Versus $0.1 Million in the Year-Ago Period

BEIJING , Feb. 7, 2024 /PRNewswire/ -- Datasea Inc., (NASDAQ: DTSS) ("Datasea" or the "Company"), a Nevada incorporated digital technology corporation engaged in innovative business segments for intelligent acoustics and 5G messaging technology in China announced today that, on February 6, 2024, it received a written notification from the Nasdaq Listing Qualifications Department of The Nasdaq Stock Market LLC ("NASDAQ") confirming that for the last 10 consecutive business days, from January 23 through February 5, 2024, the closing bid price of the Company's common stock has been at $1.00 per share or greater and, as a result, the Company has regained compliance with NASDAQ's minimum bid price requirement under Listing Rule 5550(a)(2) and the matter is now closed. About Datasea Inc. Datasea Inc. ("Datasea") is a leading provider of products, services, and solutions for enterprise and retail customers in innovative industries, Intelligent Acoustics and 5G messaging, especially focusing on ultrasonic, infrasound and directional sound technology.

Datasea Regains Compliance with NASDAQ Minimum Bid Price Requirement

BEIJING , Jan. 23, 2024 /PRNewswire/ -- Datasea Inc., (NASDAQ: DTSS) ("Datasea" or the "Company"), a Nevada incorporated digital technology corporation engaged in converging and innovative business segments for intelligent acoustics and 5G messaging technology in China pre-announced that its revenue for the first six months, ended December 31, 2023, of its fiscal year ended June 30, 2024, is expected to be approximately $18.2 million. This would represent an increase of approximately $16.6 million and growth of approximately 1,037.5% as compared to approximately $1.6 million in revenue that the Company recorded for first half of its fiscal year ended June 30, 2023.

Datasea Pre-Announces First Half 2024 Revenue of $18.2 Million, a 1,037.5% Year-Over-Year Increase

The Agreement is Expected to Expand DTSS' Footprint in the U.S. and Increase Product Sales BEIJING, Jan. 19, 2024 /PRNewswire/ -- Datasea Inc. (NASDAQ: DTSS) ("Datasea" or the "Company"), which engages in the business segments of U.S.-based intelligent acoustics and China-based 5G messaging technology, today announced that its Delaware operating subsidiary, Datasea Acoustics LLC, has entered into a marketing promotion and sales cooperation agreement (the "Agreement") with Meglio Interiors LLC ("Meglio"), based in Chamblee, Georgia, to develop, promote and distribute the Company's intelligent acoustics products in the U.S. Datasea plans to establish an assembly line in the near future for its intelligent acoustics products in U.S, with Meglio serving as one of the primary distributors of such products. The Agreement has an initial term of two years.

Datasea Enters into Agreement with U.S. Marketing Firm to Promote and Market its Innovative Intelligent Acoustics Products

BEIJING , Jan. 18, 2024 /PRNewswire/ -- Datasea Inc., a Nevada corporation (NASDAQ: DTSS) ("Datasea" or the "Company"), which engages in the business segments of U.S.-based intelligent acoustics and China-based 5G messaging technology, today announced that the Company's Board of Directors has approved a reverse stock split of its authorized and issued and outstanding shares of common stock, par value $0.001 per share (the "Common Stock"), at a ratio of 1-for-15. The Company is effecting the reverse split to regain compliance with the $1.00 minimum bid price required for continued listing on The Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2).

Datasea Announces 1-for-15 Reverse Stock Split to Regain Compliance with Nasdaq Minimum Bid Requirement

BEIJING , Nov. 13, 2023 /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 messaging, today announced its financial results for the first quarter ended September 30, 2023. "Our first quarter results delivered strong performance with revenue of approximately $6.8 million.

Datasea Reports First Quarter Fiscal Year 2024 Financial Results and Operations Update

The Month's Robust Revenue from the 5G Business Segment is Expected to be Sustainable through Fiscal Year 2024 BEIJING , Oct. 30, 2023 /PRNewswire/ -- Datasea Inc., (NASDAQ: DTSS) ("Datasea" or the "Company"), a Nevada incorporated digital technology corporation engaged in converging and innovative business segments for intelligent acoustics and 5G messaging technology in China, today announced that it recorded revenue of RMB 17.8 million (US $2.5 million) in the month of September 2023, attributable to three of its 5G business segment operating entities. The Company's September 2023 5G messaging revenue was 12x greater than 5G messaging revenue in September 2022 which came in at RMB 0.15 million (US $0.02 million).

Datasea Announces September 2023 Revenue of $2.5 million from its 5G Messaging Business

BEIJING , Sept. 27, 2023 /PRNewswire/ -- Datasea Inc., (NASDAQ: DTSS) ("Datasea" or the "Company"), a Nevada incorporated digital technology corporation engaged in converging and innovative business segments for intelligent acoustics and 5G messaging technology in China, today announced financial results for its full fiscal year ended June 30, 2023, and provided an update on its key strategic and operational initiatives.

Datasea Reports Full Fiscal Year 2023 Financial Results, maintaining a continued focus on Intelligent Acoustics and 5G Messaging business

BEIJING , Sept. 13, 2023 /PRNewswire/ -- Datasea Inc., (NASDAQ: DTSS) ("Datasea" or the "Company"), a Nevada incorporated digital technology corporation engaged in converging and innovative business segments for intelligent acoustics and 5G messaging technology in China, today announced the closing of its underwritten public offering of 5,000,000 shares of common stock at a public offering price of $0.40 per share, for aggregate gross proceeds of approximately $2.0 million, prior to deducting underwriting discounts and other offering expenses.

Datasea Announces Closing of $2.0 Million Underwritten Public Offering

Datasea (NASDAQ: DTSS ) stock is falling on Tuesday after the smart security solutions company announced a proposed public stock offering. Datasea is offering 5 million shares of DTSS stock at a price of 40 cents per share.

Why Is Datasea (DTSS) Stock Down 39% Today?

BEIJING , Sept. 12, 2023 /PRNewswire/ -- Datasea Inc., (NASDAQ: DTSS) ("Datasea" or the "Company"), a Nevada incorporated digital technology corporation engaged in converging and innovative business segments for intelligent acoustics and 5G messaging technology in China, today announced the pricing of its underwritten public offering of 5,000,000 shares of common stock at a public offering price of $0.40 per share, for aggregate gross proceeds of approximately $2.0 million, prior to deducting underwriting discounts and other offering expenses.

Datasea Announces Pricing of $2.0 Million Underwritten Public Offering

BEIJING , Sept. 11, 2023 /PRNewswire/ – Datasea Inc., (NASDAQ: DTSS) ("Datasea" or the "Company"), a Nevada incorporated digital technology corporation engaged in converging and innovative business segments for intelligent acoustics and 5G messaging technology in China today announced it has commenced an underwritten public offering.

Datasea Announces Proposed Underwritten Public Offering

BEIJING , Sept. 7, 2023 /PRNewswire/ -- Datasea Inc., (NASDAQ: DTSS) ("Datasea" or the "Company"), a Nevada incorporated digital technology corporation engaged in converging and innovative business segments for intelligent acoustics and  5G messaging technology in China, today announced that Datasea's Chinese operating entity, Shuhai Information Technology Co., Ltd.

Datasea Expands 5G Messaging Service by Signing Two New Clients

BEIJING , Aug. 29, 2023 /PRNewswire/ -- Datasea Inc., (NASDAQ: DTSS) ("Datasea" or the "Company"), a digital technology corporation engaged in converging and innovative business segment for intelligent acoustics technology in China today announced that Shuhai Information Technology Co., Ltd. ("Shuhai Information "), the Chinese operating company contractually controlled by the Company, has entered a sales performance and Equity Adjustment Agreement with a top-tier partner possessing industry product sales capabilities.

Datasea Announces Strategic Partnership with Sales and Marketing Firm for the Launch of Intelligent Acoustic Skin Repair Robot

BEIJING , Aug. 17, 2023 /PRNewswire/ -- Datasea Inc., (NASDAQ: DTSS) ("Datasea" or the "Company"), a digital technology corporation engaged in three converging and innovative business segments in China: intelligent acoustics, 5G messaging, and smart city technology, announced the signing of a securities purchase agreement with an investor from China for an investment totaling $4 million. The shares were priced at $1.35 each, representing a substantial 125% premium over the current share price.

Datasea Announces $4 Million Private Placement Priced at a 125% Premium to Market at $1.35 Per Share

BEIJING, Aug. 10, 2023 /PRNewswire/ -- Datasea Inc., (NASDAQ: DTSS) ("Datasea" or the "Company"), a digital technology corporation engaged in three converging and innovative business segments in China: intelligent acoustics, 5G messaging, and smart city technology, announced the inception of a wholly-owned subsidiary, Datasea Acoustics LLC, based in the State of Delaware, USA. Datasea Acoustics LLC, incorporated on July 31, 2023, represents the Company's thrust into the "Intelligent Acoustics" domain, a transformative blend of acoustics and artificial intelligence.

Datasea Launches Innovative "Intelligent Acoustics" Subsidiary in Delaware, Unveiling AI-Integrated Offerings for US Market

Datasea (NASDAQ: DTSS ) stock is falling on Friday after the company's shares underwent a rally yesterday on a securities purchase agreement. That update saw the Chinese smart security solutions company provide details on a securities purchase agreement it reached with an investor at the start of the month.

Why Is Datasea (DTSS) Stock Down 36% Today?

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.

DataSea announces and executes 5G Messaging Service Agreements with three more new clients

BEIJING, July 06, 2023 (GLOBE NEWSWIRE) -- 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 digital smart city technology in China. Today, the Company is delighted to announce the successful execution of a comprehensive ecological upgrade for its 5G messaging products. By harnessing the prowess of a large language model (reasoning, Q&A, translation, mathematics, abstract), the ability to support diverse applications, and the ability to unify dialogue and entry points, Datasea has enriched its 5G offerings.

Datasea Boosts 5G Messaging Products with Advanced Language Model Technology to Enhance Service Capabilities

BEIJING, June 13, 2023 (GLOBE NEWSWIRE) -- 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 digital smart city technology in China. Today, the Company is pleased to announce the joint publication of the, "Research Report on 5G Messaging Services in the Express Delivery Industry" in collaboration with the China Academy of Information and Communications Technology (CAICT), SF Taisen Holdings and others.

Datasea Joins Forces with Industry Leaders to Publish Research Report on 5G Messaging Services in the Express Delivery Industry

BEIJING, May 23, 2023 (GLOBE NEWSWIRE) -- Datasea Inc., (NASDAQ: DTSS) ("Datasea" or the "Company"), incorporated in Nevada on September 2014, is a digital technology corporation engaged in three converging and innovative business segments: 5G messaging, acoustic intelligence, and digital smart city technology in China. Today, the Company is pleased to announce that Shuhai Jingwei Technology Co., Ltd. ("Shuhai Jingwei"), a subsidiary of the Chinese operating company contractually controlled by the Company, has entered into a 5G Messaging Recharge Service Agreement with Quanzhen Hulian Technology (Shenzhen) Co. Ltd. ("Quanzhen Hulian").

Datasea Announces New 5G Messaging Recharge Service Agreement

BEIJING, May 09, 2023 (GLOBE NEWSWIRE) -- 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 Jingwei (Shenzhen) Information Technology Co., Ltd. ("Shuhai Jingwei"), a subsidiary of the Chinese operating company contractually controlled by the Company, has entered an online distributor cooperation agreement with Shenzhen Aerfu Artificial Intelligence Technology Co., Ltd. (“Aerfu”). Pursuant to the agreement, Aerfu will serve as the non-exclusive online distributor to sell the "Hailijia" series of acoustic intelligent air sterilizers on multiple mainstream e-commerce platforms.

Datasea Expands its Market Reach with a New Online Distributor Agreement for Hailijia Air Sterilizers

BEIJING, April 18, 2023 (GLOBE NEWSWIRE) -- 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 on February 16, 2023, Hangzhou Shuhai Zhangxun Technology Co., Ltd. ("Shuhai Zhangxun"), a subsidiary of the Chinese operating company contractually controlled by the Company, has entered into a cooperation agreement with Hangzhou Chongda Technology Co., Ltd. ("Chongda”) to enhance 5G messaging recharge services in the Chinese market.

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