Datasea Enters Into 5G AI Multimodal Communication Cooperation Agreement Expected To Expand Its China 5G Services Revenue; Estimated Value Of $30M Supports Its Revenue Guidance Of $86M, 1,128% YoY Increase For Its Full Fiscal Year
Portfolio Pulse from Benzinga Newsdesk
Datasea Inc. (NASDAQ:DTSS) has signed a $30M 5G AI Multimodal Communication Cooperation Agreement with Xiamen Star Miracle Information Technology Co., Ltd., expected to boost its China 5G services revenue. This agreement supports Datasea's revenue guidance of $86M for the fiscal year, marking a 1,128% YoY increase. The deal highlights Datasea's capabilities in AI-5G services and its aim to expand market share in China's 5G communication sector.
March 26, 2024 | 2:05 pm
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Datasea Inc. has entered into a significant $30M agreement with Star Miracle for 5G AI multimodal communication services, supporting its $86M revenue forecast, a 1,128% increase YoY.
The agreement with Star Miracle is expected to significantly boost Datasea's revenue, supporting its ambitious forecast. This partnership not only demonstrates Datasea's strong position in the 5G AI multimodal communication market but also aligns with its strategic goals to expand its market share in China. Given the substantial year-over-year revenue increase and the strategic nature of this partnership, it is likely to positively impact investor sentiment and Datasea's stock price in the short term.
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