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 CEO, Ms. Zhixin Liu,
commented, "Our 5G messaging business has recovered rapidly so far
this year relative to somewhat discouraging results last year. We
signed major contracts beginning in June
2023 that we think could create momentum for this business
segment going forward."
"We provide 5G messaging products to both corporate customers
and household users that offers enhanced 5G capabilities in the
Chinese market. The features of our messaging products include rich
media, strong interactivity, excellent transmission quality and
high security for an improved customer experience. As a leading
service provide in China's 5G
communications field, we have unique and scalable products that
enhance our market competitiveness and positions us for future
growth," Ms. Liu concluded.
Datasea's 5G operating subsidiaries operate in various industry
sectors, including chain retail, Internet and intelligent hardware.
The Company serves a diverse and geographically dispersed customer
base in China, offering clients
comprehensive 5G messaging services, including multiple top-up
plans, data interfaces, and a streamlined 5G messaging payment
platform.
About Datasea Inc.
Datasea Inc. ("Datasea") is a leading provider of products,
services, and solutions for enterprise and retail customers in
converging and innovative industries, Intelligent Acoustics and 5G
messaging, especially focusing on ultrasonic, infrasound and
directional sound technology. The Company's advanced R&D
technology serves as the core infrastructure and backbone for its
products. Its 5G Messaging segment operates on a cloud platform
based on AI. Datasea leverages cutting-edge technologies in
intelligent acoustics, utilizing ultrasonic sterilization to combat
viruses and prevent human infections, and is also developing
innovations in directional sound and medical ultrasonic
cosmetology. In July 2023, Datasea
established a wholly-owned subsidiary, Datasea Acoustics LLC, in
Delaware, in a strategic move to
mark its global presence. This underlies Datasea's commitment to
Intelligent Acoustics and its intent to offer leading edge acoustic
solutions to the US market. For additional information, please
visit: www.dataseainc.com.
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
Email: investorrelations@shuhaixinxi.com
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SOURCE Datasea Inc.