24/7 Market News Snapshot 17 September, 2024 – Datasea Inc. Common Stock (NASDAQ:DTSS)

September 17, 2024

DENVER, Colo., 17 September, 2024 (247marketnews.com) – (NASDAQ:DTSS) are discussed in this article.
Datasea Inc. (NASDAQ:DTSS) is experiencing remarkable momentum in both its stock performance and business growth initiatives. The company’s shares surged 39.3%, trading at $3.155 after opening at $2.27, with a significant trading volume of 37.19 million shares. This impressive spike reflects a growing investor confidence in Datasea’s capacity to drive innovation in the tech sector.

In tandem with the noteworthy stock performance, Datasea is making significant strides in advancing its 5G and Artificial Intelligence (AI) capabilities. On August 12, 2024, the company’s subsidiaries, Shuhai Information Technology Co., Ltd. and Guozhong Times (Beijing) Technology Co., Ltd., secured strategic agreements with Qingdao Ruizhi Yixing Information Technology Co., Ltd. This collaboration is set to enhance Datasea’s 5G-AI application services, addressing increasing market demands for sophisticated digital solutions.

CEO Zhixin Liu stated that these partnerships signify Datasea’s commitment to pioneering high-quality digital services and reinforcing its status as a leading 5G-AI provider. The subsidiaries have already recorded approximately RMB 65.4 million (about $9.0 million) in service delivery as of September 12, 2024. The agreements are expected to generate a revenue potential of around $30 million (approximately RMB 210 million) within a year, showcasing substantial financial upside for Datasea in fiscal 2025.

Datasea’s initiatives are designed to deliver tailored marketing tools and enhanced 5G-AI multimodal digital offerings aimed at improving enterprise efficiency. Combined with the recent stock rally, these developments position Datasea as a key player in the evolving landscape of technology and digital innovation. Looking ahead, the company is poised for sustained growth as it aggressively markets its new offerings, further establishing its presence in high-demand sectors.

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