Datasea Inc. (NASDAQ: DTSS) stock gained by 5.96% at last close while the DTSS stock-price surged by 12.55% in the pre-market trading session even though DTSS has not released any news. Datasea is a Chinese technology firm that specializes in smart security solutions, smart hardware, and educational technology development. Datasea provides complete and optimal security solutions and education-related technology to its clients by leveraging its unique technologies, intellectual property, creative products, and market information.
Datasea revealed that Shuhai Zhangxun Information Technology, its wholly-owned subsidiary has signed a partnership deal with the National Engineering Laboratory for Logistics Information Technology to collectively encourage the formulation of 5G Messaging standards in China’s express industry.
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The National Engineering Laboratory was established with the approval of China’s National Development and Reform Commission and is managed by YTO Express (Stock ticker: 600233.SH), one of the country’s leading express firms. As per the agreement, DTSS will use its 5G Message-marketing Cloud Platform (5G MMCP) to motivate the express industry, collaborate with the National Engineering Laboratory to make standards for the transfer and integration of logistics data, and encourage the implementation of 5G messaging services.
In the beginning of June 2021, Shuhai Zhangxun Information Technology which is Datasea’s wholly-owned subsidiary, announced that it has released 5G Message-marketing Cloud Platform (“5G MMCP) Version 3.0 and inked six purchase and distribution agreements to deliver 5G Messaging Services.
Shuhai Zhangxun has signed purchase and distribution deals with six businesses in Shanghai, Zhejiang, Yunnan, Zhengzhou, and Xi’an, among others. Six firms will collaborate with Shuhai Zhangxun as district partners, with exclusive authority to market 5G messaging goods in selected districts and access to sales commissions. Six firms will pay Shuhai Zhangxun in exchange for supplying 5G Messaging goods and services, with a total worth of RMB 1.042 million (or USD 162,900 approximately). RMB 998,000 has been given to Shuhai Zhangxun (or USD 156,020 approximately).