Home Financial Markets Why The Shares Of Datasea Inc. (DTSS) Are Plunging In After-Market?

Why The Shares Of Datasea Inc. (DTSS) Are Plunging In After-Market?

Datasea Inc. (NASDAQ: DTSS) a technology company specializing in development, manufacture, and trade of security equipment as well as providing media advertising, big data, smart education security solution, and internet security products, announced that its wholly-owned subsidiary company, ShuhaiZhangxun Information Technology Co., Ltd. is part of a distribution partnership agreement with Jiade Boya (Zhejiang) Culture Co. Ltd.

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At last check-in after-market trading, shares of Datasea Inc. (DTSS) were down -7.25% at $3.07. DTSS stock closed last session at $3.31, increasing 23.51% or $0.63. Shares of the company fluctuated between $2.6638 and $3.48 throughout the day. DTSS shares have risen by 59.90% over the last 12 months, and they have moved up by 13.75% in the past week.

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About Distribution Partnership

The Distribution Partnership was initiated with the goal of providing a 5G Messaging-marketing Cloud Platform to 50,000 enterprise customers along with Jiangsu Province, Zhejiang Province, and Shanghai by the end of 2021.

5G MMCP is an all-in-one message-marketing cloud platform bringing clients together and prospect marketing signals in a single view with options like precise SaaS value-added services, data monetization, and marketing through message. In accordance to the conditions set, ShuhaiZhangxun will contribute 5G MMCP products and services and will helpJiade Boya with the market distribution.

Since ShuhaiZhangxun is an authorized dealer of 5G MMCP, Jiade Boya is anticipated to rapidly distribute Datasea’s 5G MMCP into untapped markets by increasing its market penetration capacity, leveraging Jiade Boya’shuge customer network and knowledge of the customer requirements for updated marketing solutions, emphasizing significantly on customer orientation.

Zhixin Liu, CEO of Datasea, stated “This cooperation marks the launch of a national campaign to promote Datasea’s 5G messaging products and further streamline product availability for customers. I am very pleased to see that one of our flagship products, the 5G Messaging-marketing Cloud Platform, will officially enter Jiangsu, Zhejiang, and Shanghai.”

Entrance into regions such as Shanghai will play a significant role in DTSS distribution strategy. As a result, Dataseais expected to expand its distribution network and anticipates revenue growth offset by market channel expansion.

DTSS’s wholly-owned subsidiary company ShuhaiZhangxun Information Technology Co., Ltd. has also released an automated contextual communication application called Chatbot on the 5G message marketing cloud platform. The app highly integrates multiple functions, and could potentially be a replacement for apps when interacting with humans.

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Conclusion.

The distribution agreement was unable to induce adequate investor interest with DTSS stock declining immensely at the last check. However, an enlarged distribution network combined with the expansion into several cities has a positive result, forecasted for the future.

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