Datasea Inc. partners with Chongda to expand 5G communication services in China

Datasea Inc. (NASDAQ: DTSS), a Nevada-based digital technology corporation with a focus on intelligent acoustics and 5G multimodal communication technology in China, has taken a significant step forward in its expansion efforts. On February 2, 2024, the company’s subsidiary, Guozhong Times (Beijing) Technology Ltd., entered into a Cooperation Agreement with Hangzhou Chongda Technology Co., Ltd., marking a pivotal move to enhance the sales of 5G multimodal communication services across China.

Strategic Partnership to Tap into 5G Market Potential

This collaboration is set to identify and cater to potential customers requiring 5G multimodal communication delivery services, facilitating rapid deployment of Datasea’s unique platform to a broader customer base. With an estimated total value of approximately US$30 million (about RMB 215 million) over 12 months starting February 3, 2024, this agreement underscores Datasea’s ambition to dominate the digital technology solutions market and reaffirms its dedication to the burgeoning 5G multimodal communication sector in China.

Datasea CEO Zhixin Liu expressed enthusiasm about the new partnership, viewing it as an opportunity to capitalize on more ventures of this nature to generate revenue. Liu emphasized the alignment of this collaboration with Datasea’s mission to become a leading digital technology solutions provider and its commitment to the 5G multimodal communication market in China. The company is also in talks with major potential clients of 5G multimodal communication services and anticipates reaching more agreements soon.

Driving Growth Through 5G Services

Chongda, renowned for its marketing services, offers mobile phone plans, prepaid fuel, and electricity top-up plans to a vast number of enterprises, e-commerce platforms, and individuals in China. This partnership between Guozhong Times and Chongda highlights Guozhong Times’ active role in providing 5G multimodal communication services, data interfaces, and platforms for service and management related activities.

The demand for 5G multimodal communication services in China is soaring, with expectations for continued growth. Datasea’s impressive revenue of US $18.3 million from related services in the first and second quarters of 2024 collectively demonstrates its capability to deliver efficient and high-quality services, positioning it as a leader in the market.