Datasea Announces Strategic Partnership With Sales And Marketing Firm For The Launch Of Intelligent Acoustic Skin Repair Robot
Portfolio Pulse from Happy Mohamed
Datasea Inc. (NASDAQ:DTSS) has announced a strategic partnership with a top-tier sales and marketing firm for the launch of its Intelligent Acoustic Skin Repair Robot. The partnership aims to combine Datasea's expertise in acoustic technology with the partner's capabilities in sales and marketing. The agreement includes milestones for unlocking equity in the venture, such as the partner becoming eligible for a 5% equity transfer if the venture achieves an operating revenue of RMB 500 million yuan within the first fiscal year.
August 29, 2023 | 1:59 pm
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POSITIVE IMPACT
Datasea's new partnership for the launch of its Intelligent Acoustic Skin Repair Robot could potentially boost its revenues and market presence. The partner's eligibility for a 5% equity transfer if the venture achieves a significant revenue milestone could also impact Datasea's equity structure.
The partnership could potentially increase Datasea's revenues and market presence, especially given the partner's robust sales and marketing capabilities. The equity transfer clause in the agreement could also impact Datasea's equity structure, depending on the venture's financial performance.
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