DTSS - Datasea Announces Strategic Partnership with Sales and Marketing Firm for the Launch of Intelligent Acoustic Skin Repair Robot | Benzinga
BEIJING, Aug. 29, 2023 /PRNewswire/ -- Datasea Inc., (NASDAQ:DTSS) ("Datasea" or the "Company"), a digital technology corporation engaged in converging and innovative business segment for intelligent acoustics technology in China today announced that Shuhai Information Technology Co., Ltd. ("Shuhai Information "), the Chinese operating company contractually controlled by the Company, has entered a sales performance and Equity Adjustment Agreement with a top-tier partner possessing industry product sales capabilities. This alliance is slated for the upcoming launch of its non-contact Intelligent Acoustic Skin Repair Robot. Alongside this partnership, Shuhai Information is also launching a 100% owned subsidiary to exclusively market the new intelligent acoustics medical cosmetology and medical health product. This marks an important evolution in the company's acoustic technology journey.
The Partnership
This partnership aims to synergize Datasea Inc.'s expertise in acoustic technology with the partner's robust capabilities in sales, marketing, and market operations, specifically in the beauty industry. The agreement outlines various milestones for unlocking equity in this groundbreaking venture. For instance, should the new venture achieve an operating ...