Datasea Inc. Announces Collaboration to Boost Sales of 5G Multimodal Communication Services in China
Datasea Inc., a prominent digital technology corporation based in Nevada, has recently revealed its plans to enhance the sales of its 5G multimodal communication services in China. The company's subsidiary, Guozhong Times (Beijing) Technology Ltd., has entered into a Cooperation Agreement with Hangzhou Chongda Technology Co., Ltd. to achieve this objective.
The collaboration aims to identify potential customers who require 5G multimodal communication delivery services and facilitate the rapid deployment of Datasea's unique platform to new clients. Datasea CEO Zhixin Liu expressed his contentment with the partnership, stating that it aligns with the company's mission to become a leading provider of digital technology solutions and highlights its commitment to the 5G multimodal communication market in China.
Datasea is also engaged in negotiations with major potential clients in the 5G multimodal communication sector and expects to reach further agreements. This indicates the company's dedication to seizing opportunities that will generate revenue and solidify its position in the market.
Under the terms of the Agreement, Chongda has the option to purchase 5G multimodal communication delivery services over a 12-month period starting on February 3, 2024, with an estimated total value of approximately US$30 million (around RMB 215 million).
Chongda, a renowned provider of marketing services, currently offers high-quality mobile phone plans, prepaid fuel service plans, and prepaid electricity top-up plans to numerous Chinese enterprises, e-commerce platforms, and individual users. The partnership between Guozhong Times and Chongda illustrates the former's active involvement in delivering 5G multimodal communication services, data interfaces, and a 5G multimodal communication platform for ancillary services and management.
The demand for 5G multimodal communication services in China is steep, and it is anticipated to skyrocket in the future. Datasea has already achieved considerable success in this space, with a total revenue of US$18.3 million generated from 5G multimodal communication-related services in the first and second quarters of 2024. This noteworthy accomplishment substantiates the company's leading market position in providing efficient and tailored services to individual and enterprise users.
Overall, Datasea's collaboration with Hangzhou Chongda Technology is set to drive the sales of 5G multimodal communication services in China, capitalizing on the high demand for such cutting-edge solutions in the market.
Analyst comment
Positive news. The collaboration with Hangzhou Chongda Technology Co., Ltd. will increase the sales of Datasea’s 5G multimodal communication services in China. This partnership will help identify potential customers and expand their platform. The market for 5G multimodal communication services in China is expected to continue growing, and Datasea is well positioned to generate revenue and reach more agreements with potential clients. The estimated total value of the Agreement is approximately US$ 30 million.
