Datasea Inc (NASDAQ:DTSS) Sees Solid Buying Interest: Should You Still Buy?
Wholly-owned subsidiary of Datasea Inc (NASDAQ:DTSS), ShuhaiZhangxun Information Technology, has signed a partnership with National Engineering Laboratory for Logistics Information Technology to urge making 5G standards inChina’s express industry.
Established after approval from China’s National Development and Reform Commission, The National Engineering Laboratory is managedby YTO Express, a leading express firms in the country. The agreement will enable DTSS to utilise its 5GMessage-marketing Cloud Platform for motivating the industry, work with NEL to draft standards for transfer and integrating logistics data as well as encouraging implementation of 5G messaging services.
Commencing in June 2021, ShuhaiZhangxun Information Technology had announced releasing of 5G Message-marketing Cloud Platform Version 3.0 and decided on confirmed on six purchase and distribution agreements to deliver 5GMessaging Services.
With distribution and purchase deals for six businesses in Shanghi, Yunnan, Zhejiang, Zhengshou and Xi’an among others, ShuhaiZhangxun will collaborate as district partners. The company will have primary authority for marketing 5G messaging goods in particular districts and accessing sales commissions. The firms will give the company for supplying 5G Messaging goods and services a total worth of RMB 1.042 million (or USD 162,900 approximately). An amount of RMB 998,000 has been given to ShuhaiZhangxun (or USD 156,020 approximately).
Market Reaction:
On Monday, DTSS stock surged 38.50% at $3.20 with more than 42.77 million shares, compared to its average volume of 158k shares. The stock had moved within a range of $2.3500 – 4.2900 after opening the trade at $2.35. Over the past 52-week, the stock has been trading within a range of $1.6900 – 6.2400.
